Based on a 6-month interest period what was the annual
John borrowed $1000 and paid off the loan in 4.5 years with a single lump sum payment of $1500. Based on a 6-month interest period, what was the annual effective interest rate paid?
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according to the expectations theory if the 1-year rate is 25 and the 2-year rate is 364 the expected 1-year rate would
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john borrowed 1000 and paid off the loan in 45 years with a single lump sum payment of 1500 based on a 6-month interest
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