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Posted on Jul 13, 2024

If the ABC firm borrows $3,000 for 90 days and at the end of the 90 days pays back the $3,000 and $140 in interest;

If the ABC firm borrows $3,000 for 90 days and at the end of the 90 days pays back the $3,000 and $140 in interest; what is the APR using a 360 day year?

***Please use 360 days in a year***

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