Which rate is used in amortization - Nominal APR or Effective?

sanjay

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Aug 9, 2017
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Which rate is used in amortization - Nominal APR or Effective? I am little bit confused about it
 
Which rate is used in amortization - Nominal APR or Effective? I am little bit confused about it
Can you please post your "entire" problem - along with the mathematical equations you intend to use?
 
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