Question
The Bad Guys Co. is notoriously known as a slow-payer. It currently needs to borrow $25,000 and only one company will even deal with Bad
The Bad Guys Co. is notoriously known as a slow-payer. It currently needs to borrow
$25,000 and only one company will even deal with Bad Guys. The terms of the loan call for
daily payments of $30.76. The first payment is due today. The interest rate is 21%
compounded daily. What is the time period of this loan?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
