When calculating a loan’s effective interest rate, if the nominal rate is 8.5%, what value of i do you plug into your equation?

2 answers:

5 0

Answer:

The answer is C on Edg 2020

Step-by-step explanation:

trapecia [35]4 years ago

4 0

R=(1+i/k)^k)-1
i=8.5/100=0.085

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