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Kenneth's Arrows and Bows borrow $18,000 for one year at 7 percent interest. What is the effective rate of interest if the loan is discounted?
Kenneth's Arrows and Bows borrow $18,000 for one year at 7 percent interest. What is the effective rate of interest if the loan is discounted?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
