Question
A person goes to a pawn shop and borrows $150 on his guitar. In three months, he can get his guitar back by paying back
A person goes to a pawn shop and borrows $150 on his guitar. In three months, he can get his guitar back by paying back the $150 plus $50 in interest.
What is the EAR?
Enter your answer as a decimal: 6.5% is 0.0650 324.44% is 3.2444
Go to 4 decimal places.
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Banking With Integrity The Winners Of The Financial Crisis
Authors: Dr Heiko Spitzeck , Dr Michael Pirson, Dierksme , Dr. Heiko Spitzeck , Prof. Claus Dierksmeier, Dr. Michael Pirson
1st Edition
0230289959,0230346499
