a mortgage of $32000 is repaid by making payments of $353 at the end of each monyth for 13 years. what is the nominal annual rate of interest compounded annually?
a mortgage of $32000 is repaid by making payments of $353 at the end of each monyth for 13 years. what is the nominal annual rate of interest compounded annually?
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 18P
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Qb 10. a mortgage of $32000 is repaid by making payments of $353 at the end of each monyth for 13 years. what is the nominal annual rate of interest compounded annually?
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