2. Determining an Annual Interest Rate. A payday loan company charges 4 percent interest for a two-week
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2. Determining an Annual Interest Rate. A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company? (Obj. 2)
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I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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