What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is repaid in seven years by payments of $2000 made at the end of every six months?
What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is repaid in seven years by payments of $2000 made at the end of every six months?
This is the same as previous ones. The nominal interest rate comp. quarterly comes to=7.40%
+598 
