thanthe annual effective discount rate. ... As n increases, the rate approaches an upper limit of era1. ... For example, imagine that a credit card holder has an outstanding balance of $2500 and that the simple interest rate is ... The steady payments have an additional cost that needs to be considered when comparing loans.

Title | : | Concise Dictionary of Mathematics |

Author | : | |

Publisher | : | V&S Publishers - 2012-04-01 |

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