Nilasvitta Nilasvitta
  • 15-12-2016
  • Mathematics
contestada

When calculating a loan’s effective interest rate, if the nominal rate is 8.5%, what value of i do you plug into your equation?

Respuesta :

ruizerick123 ruizerick123
  • 29-12-2016
you plug in 0.085 because you move the decimal two places to the right to get your percentage.

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ariannasandford ariannasandford
  • 24-01-2020

Answer:

c. 0.085

Step-by-step explanation:

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