Question
7). Leaping Larrys Belen Pawn Shop and Elvis Emporium lends money at an annual rate of 21 percent and compounds interest weekly (52 times per
7). Leaping Larrys Belen Pawn Shop and Elvis Emporium lends money at an annual rate of 21 percent and compounds interest weekly (52 times per year). What is the actual rate being charged on these loans?
A) 26.16 percent
B) 23.32 percent
C) 22.49 percent
D) 20.56 percent
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
