Essay
Note: The calculations for this question were done using Excel's RATE function.
Compute the nominal annual rate of interest on a loan of $67 000.00 repaid in semi-annual installments of $6540.00 in 11.5 years.
Correct Answer:
Verified
Nper 23
Pmt -6540.00
PV 67000....View Answer
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Correct Answer:
Verified
Nper 23
Pmt -6540.00
PV 67000....
Pmt -6540.00
PV 67000....
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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