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Sliva [168]
3 years ago
5

When calculating a loan’s effective rate, if the interest compounds every two months, what value of n do you plug into your equa

tion?
Mathematics
2 answers:
Alex777 [14]3 years ago
8 0
When calculating a loan’s effective rate, if the interest compounds every two months, what value of n<span> do you plug into your equation
6
 </span>
klemol [59]3 years ago
5 0

<span>If the interest is comounded every 2 months then you will apply the interest 6 times in a year. So the value of n that you will plug into your equation is 6 because there 12 months a year then it wll be compounded every 2 months</span>

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