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Unformatted text preview: 1/N- 1 Pmt = ( - Fi - Pi ( 1 + i ) N )/ (( 1 + i ) N- 1) annual effective rate = i a = ( 1 + r/N ) N -1 nominal rate = APR = ((i a + 1) (1/N)-1) * N annual effective rate = i a = e r - 1...
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This note was uploaded on 02/16/2012 for the course ENGR 265 taught by Professor Arnold during the Spring '09 term at University of Arizona- Tucson.
- Spring '09