Part A

Part B

Part C

The Wet Dog Surf Company borrows $36,000 at 2.50% for 5 months. Calculate the total interest amount (rounded to the nearest penny) that Wet Dog will pay. A B D E 1 2 Answer = 3 4 5 6 7 8 9 10 The Wet Dog Surf Company borrows $40,000 for 5 months and will pay $1,916.67 interest. Calculate Wet Dog's Annual Percentage Interest Rate (APR) (rounded to two decimal places). A B D E 1 2 Answer = 3 4 5 6 7 8 9 10 If the Wet Dog Surf Company borrows $28,000 at 3.00% and there are 2 compounding periods per year, calculate Wet Dog's Effective Annual Rate (APY) of interest. A B D E 1 2 Answer = 3 4 5 6 7 8 9 10