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Answer to Question #7634 in Quantitative Methods for fabian
Question #7634
a principle sum of money is loaned to an account paying interest at 11.67% compounded quaterly for 8 years and 6 months,
(1)determine the interest rate i per period
(2) determine the total number of interest period n of this transaction.
(1)determine the interest rate i per period
(2) determine the total number of interest period n of this transaction.
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