Solution-What is the nominal interest rate per year for the

What is the nominal interest rate per year for the loan

Reference no: EM132659457

Problem 1: A friend has offered you a short-term loan of $4,500 for two months if you will pay him back $2,000 at the end of the next month and $2,650 at the end of the following month. What is the nominal interest rate, per year, for this loan?

Reference no: EM132659457

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What is the nominal interest rate per year for the loan

Reference no: EM132659457

Reference no: EM132659457

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