University of Dayton
The effective interest rate of 6% interest rate compounded quarterly is: a) 6.09% b) 6.14% c) 6.34% d) 6.32%. ... 100 shares were bought at end of year 2004 for $20 each and sold 3 years later for $32 each. The annual return on investment is _____. 19. Payments of $25K per year are made over 4 years to pay off an $85K loan. The interest rate i ... ................
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