Question
a payday loan business in town advances short-term loans.The following advertisement appered in the local newspaper. Borrow $200 now and payback $203 in two weeks.
a payday loan business in town advances short-term loans.The following advertisement appered in the local newspaper. Borrow $200 now and payback $203 in two weeks. Determine the annual interest rate for this transaction.
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Income Tax Planning
Authors: Thomas P. Langdon, E. Vance Grange, Michael A. Dalton
5th Edition
1936602075, 978-1936602070
