Mathematics, 02.09.2019 13:00, megababe04

Thomas has a loan with a nominal interest rate of 6.4624% and an effective interest rate of 6.4715%. which of the following must be true? i. the loan has a duration greater than one year. ii. the
interest on thomas’s loan is compounded more than once yearly. iii. the economy was strong when thomas took out the loan. a. i and ii b. ii only c. i and iii d. iii only

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Thomas has a loan with a nominal interest rate of 6.4624% and an effective interest rate of 6.4715%....