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german
3 years ago
13

If an 11-day single payment loan has a periodic interest rate of 9.3%, what is the approximate effective interest rate of the lo

an?
Mathematics
2 answers:
svp [43]3 years ago
8 0

Answer:

1812.0% is the APEX answer. Hope this helps!!

Nastasia [14]3 years ago
7 0
Below is the answer I hope it helps:

Effective Rate per Period:
I = 9.7033%

Rate per Compounding Interval:
<span>P = 0.84545%</span><span>
</span><span>Figure the effective interest rate per period given the ostensible financing cost per period and the quantity of exacerbating interims per period.
</span>




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Step-by-step explanation:

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Step-by-step explanation:

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Create a table and graph y=x+1 demos<br>​
DerKrebs [107]

Answer:

The table will be:

x          y=x+1

1            2

2           3

3           4

4           5

5           6

The graph is shown in figure attached.

Step-by-step explanation:

We need to create table and graph the expression: y=x+1

Table is made, such that we take value of x and find value of y

You can take any values of x from negative values to positive values. I am taking values of x: 1,2,3,4,5 and find value of y.

So our table will be:

x          y=x+1

1            2

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3           4

4           5

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Now, we will plot these value on the graph. x values will be on x-axis and corresponding y-values will be on y-axis.

The graph is shown in figure attached.

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