Determine the effective annual interest rate on a 100000
Question: Determine the effective annual interest rate on a $100,000 short-term loan, with a term of 245 days and a nominal interest rate of 8%. The bank discounts the interest.
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discussion- the great awakeningfor this discussion lets analyze the issues associted with the discussion in debate the
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question determine the effective annual interest rate on a 100000 short-term loan with a term of 245 days and a nominal
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