The entire principal of the borrowed amount of 10000 will
The entire principal of the borrowed amount of $10,000 will be repaid in 2 years. However, the quarterly interest of $330 must be paid every 3 months. Find the nominal annual interest rate (always, rate/yr) that you are paying.
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the entire principal of the borrowed amount of 10000 will be repaid in 2 years however the quarterly interest of 330
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