Marty Not is going to borrow $8,000 for 120 days and pay $215 in interest. What is

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Marty Not is going to borrow $8,000 for 120 days and pay $215 in interest. What is the annual rate of interest if the loan is discounted?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Sep 15, 2018 08:31 AM

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Marty Not is going to borrow $8,000 for 120 days and pay $215 in interest. What is

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Foundations of Financial Management

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