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Suppose you can borrow $1,000 and repay $1,200 in 100 days (interests compounded daily). What are the annual percentage rate and effective annual rate on
Suppose you can borrow $1,000 and repay $1,200 in 100 days (interests compounded daily). What are the annual percentage rate and effective annual rate on this loan?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
23rd Edition
1647084105, 978-1647084103
