An advertised monthly lending rate of 09 is about 11 per, Ask an Expert

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An advertised monthly lending rate of 0.9% is about 11% per year. This difference between an advertised rate and the annualized rate is based on finer TVM details that may be overlooked by borrowers. Discuss how you may have used TVM in a recent investment or loan decision and explain some of the TVM details that may have been involved in your transaction.

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Financial Management, Finance

Category:- Financial Management
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