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Mr. Jones borrows $2,300 for 90 days and pays $40 interest. What is his effective rate of interest? A.6.96 B. 11.66 C 7.50 D9. 26
Mr. Jones borrows $2,300 for 90 days and pays $40 interest. What is his effective rate of interest?
A.6.96
B. 11.66
C 7.50
D9. 26
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
