Question
1. Compute the periodic rate as a % and the amount paid to interest in the first month period for a $2,500 loan with an
1. Compute the periodic rate as a % and the amount paid to interest in the first month period for a $2,500 loan with an APR of 6%.?
2. Compute the periodic rate as a % and the amount paid to interest on the first QUARTER period for a $2,500 loan with an APR of 6%.?
3. Compute the periodic rate as a % and amount paid to interest on the first WEEKLY period for a $2,500 loan with an APR of 6% ?
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Behavioral Finance
Authors: Edwin Burton, Sunit N. Shah
1st Edition
111830019X, 978-1118300190
