Josh borrows 1000 to repay the amount he makes 12 equal
Josh borrows $1000. To repay the amount, he makes 12 equal monthly payments of $93.12. Determine the following:
a. Draw the cash flow diagram
b. The monthly interest rate
c. The nominal annual interest rate
d. The effective annual interest rate
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josh borrows 1000 to repay the amount he makes 12 equal monthly payments of 9312 determine the followinga draw the cash
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