Mathematics, 14.10.2019 01:50, depinedainstcom

Jessica’s bank is offering her a loan with a stated rate of 4.90% interest. if the interest is compounded every two months, what will jessica really pay for interest?
a.
4.90%
b.
5.00%
c.
5.01%
d.
4.96%

Answers: 1

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Jessica’s bank is offering her a loan with a stated rate of 4.90% interest. if the interest is compo...