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Luis took out a cash advance of $1,750 from Brian's City Pawn. The loan (cash advance) will be paid off over the next 4 years
Luis took out a cash advance of $1,750 from Brian's City Pawn. The loan (cash advance) will be paid off over the next 4 years by payments of $258.99 made semiannually at the beginning of each payment period. What nominal interest rate, compounded semiannually, is Luis being charged? Choose BGNBGN or ENDEND ? END BGN Round your answer (nominal interest rate) to two decimal places. P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $
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