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3. You are late paying your cable bill again. It was due 11 days ago and you have been charged $20. Your bill was $138.

3. You are late paying your cable bill again. It was due 11 days ago and you have been charged $20. Your bill was $138. What is the Effective Annual Rate? Convert to a percent and round to 2 decimal places. 4. Your roommate let you borrow $189 to buy the PS5 6 months ago. You just paid him back today and gave him $34 extra for interest. What is the period rate? Convert to a percent, round to 2 decimal places

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