What is the effective interest rate for a loan of $20,000 for three years if the
Chapter 13, Problem 20(choose chapter or problem)
What is the effective interest rate for a loan of $20,000 for three years if the interest is compounded quarterly at a rate of 12%? Use Table 13-2 for Exercises 21 to 24.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer