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A loan of $1800 can be repaid in 225 days by paying the principal sum borrowed plus $50 interest. What was the rate of interest
A loan of $1800 can be repaid in 225 days by paying the principal sum borrowed plus $50 interest. What was the rate of interest charged?
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Fundamentals of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
3rd edition
1118845897, 978-1118845899
