Question
The Wet Dog Surf Company borrows $32,000 for 3 months and will pay $440.00 interest. Calculate the Wet Dog's Annual Percentage Interest Rate (APR) (
The Wet Dog Surf Company borrows $32,000 for 3 months and will pay $440.00 interest. Calculate the Wet Dog's Annual Percentage Interest Rate (APR) ( rounded to two decimal places).
Answer =
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
