A pawn shop will lend $100 for 10 days at a cost of $5 interest. What is
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A pawn shop will lend $100 for 10 days at a cost of $5 interest. What is the effective rate of interest?
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Related Book For
Foundations of Financial Management
ISBN: 978-0077454432
14th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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