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A finance company provides a loan at a nominal rate of 10% per annum. Interest ...
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A finance company provides a loan at a nominal rate of 10% per annum. Interest is payable monthly on this loan. Set your calculator to four decimal places for calculations and round the final answer to two decimal places. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a) 0,08%
(b) 0,83%
(c) 10,00%
(d) 0,10%
0%
0%
0%
0%