A Loan company offers money at 1.95% per month, compounded monthly. a) What is the nominal interest rate? b) What is the effective annual interest rate? c) How many years will it take an investment to
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SOLUTION: This is a question given on my assignment and I have no idea where to go with it. Given information: A loan company offers money at 1.8% per month, compounded monthly and the nomin
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