Mathematics, 24.03.2020 12:06 toxsicity
Kelly takes out a loan with the stated rate of 12% interest. If the interest is calculated weekly, how much greater is Kelly’s effective rate (The growth rate of compounded amount) Then her stated rate (the “stated” 12%)? Does the difference in effective rate and stated rate change depending on 1 year or 10 years ?
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Kelly takes out a loan with the stated rate of 12% interest. If the interest is calculated weekly, h...
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