3. Your bank will lend you $4,000 for 45 days at a cost of $50 interest. What...

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3. Your bank will lend you $4,000 for 45 days at a cost of $50 interest. What is your effective rate of interest?

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Foundations Of Financial Management

ISBN: 9780073382388

13th Edition

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

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