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A radio commercial for a loan company states: You only pay 36 a day for each $500 borrowed. If you borrow $2,710 for 162
A radio commercial for a loan company states: "You only pay 36 a day for each $500 borrowed." If you borrow $2,710 for 162 days, what amount will you repay, and what annual interest rate is the company actually charging? (Assume a 360-day year.) a. Amount you repay = $ (Round to two decimal places.)
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a To calculate the amount you will repay we can use the formula Amount repaid Princi...
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
