# math

what is the effective rate formula?

There are numerous effective rate formulas in math. You will need to be more specific.

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In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as \$10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x \$10,000 = \$1,000 immediately, thereby