SPRING 2014 QB
Hi Graham, In this question --
While calculating the average rate, where are these 2 terms in the denominator coming from and why?
''(0.75)(1/12)(1.042)+(10/12)(0.75)(1.04513)''
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Hi Graham, In this question --
While calculating the average rate, where are these 2 terms in the denominator coming from and why?
''(0.75)(1/12)(1.042)+(10/12)(0.75)(1.04513)''
Comments
I'm not sure which question you're referencing: QB? There's only 1 old exam question from Spring 2014 (Q3) but this doesn't seem to be what you're asking about.