Question
5. Your roommate let you borrow $272 to buy the PS5 4 months ago. You just paid him back today and gave him $28 extra
5. Your roommate let you borrow $272 to buy the PS5 4 months ago. You just paid him back today and gave him $28 extra for interest. What is the annual percentage rate (APR)? Convert to a percent, round to 2 decimal places
6. You are late paying your cable bill again. It was due 13 days ago and you have been charged $35. Your bill was $164. What is the annual percentage rate (APR)? Convert to a percent and round to 2 decimal places.
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
