The Alabama Lawyer: Official Organ State Bar of Alabama, Volume 24The Bar, 1963 |
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Pagina 254
... monthly rate of interest agreed upon was 12 % per month and the contract calls for 27 monthly payments of $ 25 each . Instead of trying to solve by direct methods for the rate of interest , we can easily tell whether there was a mistake ...
... monthly rate of interest agreed upon was 12 % per month and the contract calls for 27 monthly payments of $ 25 each . Instead of trying to solve by direct methods for the rate of interest , we can easily tell whether there was a mistake ...
Pagina 258
... monthly , the nominal rate per month which will be equivalent to an effective annual rate of 6 % , would be , which may be written , 12 . i ✓ 1.06 - 1 , ( 1.06 ) 1 - 1 . We find the 12th root of 1.06 by means of logarithms , using the ...
... monthly , the nominal rate per month which will be equivalent to an effective annual rate of 6 % , would be , which may be written , 12 . i ✓ 1.06 - 1 , ( 1.06 ) 1 - 1 . We find the 12th root of 1.06 by means of logarithms , using the ...
Pagina 303
... monthly rate is one twelfth of this or 12 % per month . This is not strictly accurate , since the effect is to compound the interest monthly . The distinction is not generally understood , but a little reflection will show it . If A ...
... monthly rate is one twelfth of this or 12 % per month . This is not strictly accurate , since the effect is to compound the interest monthly . The distinction is not generally understood , but a little reflection will show it . If A ...
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