1 tai credit corp wants to earn an effective annual return, Ask an Expert

Finance

1. Tai Credit Corp. wants to earn an effective annual return on its consumer loans of 15.9 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers?

2. Do all debt issues have a fixed interest rate? Do all debt instruments pay interest?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92795100

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