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A financial institution is willing to lend you $400. However, $450 is repaid at the end of one week? What is the nominal interest rate?
A financial institution is willing to lend you $400. However, $450 is repaid at the end of one week? What is the nominal interest rate?
What is the effective annual interest rate?
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
