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A payday loan company charges 4.4 percent interest for a two- week period. What would be the annual interest rate from that company? (Assume an
A payday loan company charges 4.4 percent interest for a two- week period. What would be the annual interest rate from that company?
(Assume an even 52 weeks per year. Enter your answer as a percent rounded to 1 decimal place)
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Managerial Accounting Information For Decisions
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
4th Edition
0324222432, 978-0324222432
