Lecture Notes on Time Value of Money
What will $1,000 be worth at the end of one year when the annual interest rate is 12% [This is the APR.] when interest is compounded: ... To the nearest percent, what rate of interest are you paying on your loan? Difficult without financial calculator. Can use table to find answer to the nearest percent. ... 2. Try this one. You make equal $400 ... ................
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