Question
Carol has a bail bondsman post a bail of $10,000 for her trial that will take place in 4 months. The bondsman charges a $80
Carol has a bail bondsman post a bail of $10,000 for her trial that will take place in 4 months. The bondsman charges a $80 fee plus of the bail. What interest rate is being charged by the bail bondsman? a. 8% b. 35.2% c. 26.4% d. 52.8%
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Bail amount 10000 Time period until trial 4 months 03333 yea...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
