What is the nominal annual interest rate

Reference no: EM131969666

Question: An engineer borrows $10,000 to buy a personal computer. He must repay $218.94 a month for 5 years. What is the nominal annual interest rate, based upon continuous compounding. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131969666

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