Thread: Credit Lines at Royal Bank of Canada
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Old 07-30-2005, 11:16 PM
handsome handsome is offline
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Default Re: Credit Lines at Royal Bank of Canada
Technically, (1 + 0.07/365)^365 is roughly 1.0725, from which you derived the annual rate of 7.25%. So yea, I can confirm that the math is correct.
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