Question
How do I figure this out? Mary Ott is going to borrow $6,900 for 60 days and pay $223 interest. What is the effective rate
How do I figure this out?
Mary Ott is going to borrow $6,900 for 60 days and pay $223 interest.
What is the effective rate of interest if the loan is discounted?(Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
