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You bought a $100 used guitar and agreed to pay for it with

Paper help Economics You bought a $100 used guitar and agreed to pay for it with

Economics

You bought a $100 used guitar and agreed to pay for it with

You bought a $100 used guitar and agreed to pay for it with a single $120 payment at the end of 6 mo… Show more You bought a $100 used guitar and agreed to pay for it with a single $120 payment at the end of 6 months. Assuming semiannual (every 6 months) compounding, A) Calculate the nominal interest rate B) Calculate the effective interest rate • Show less

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