Use the commission schedule from Company B hown in the Principal (Value of Stock) Commission table tend the annualtate of interest and on the investment (Note commisions are rounded to the nearest Under $3.000 532 +1.89 of principal cent $3.000 - $10.000 556 - 1.9 of principal Over $10.000 51060.5% of principal An Investor purchases 176 shares at 538.77 a share holds the stock for 343 days and then sells the stock for $45 12 a share Assume a 360-day year te onterests Round to three decal places) 3.1.75-BE Question Help Many tax preparation forms offer their clients a refund anticipation loan (RAL) For a fee the firm will give RAL Amount a client his refund when the return is filed. The loan is repaid when the Internal Revenue Service sends 50 - 5500 the refund to them . Thus the RAL fee is equivalent to the interest charge for a loan The schedule in the table on the right is from a major RAL lender. Use this schedule to find the annual rate of 5501 - 51.000 interest for a 54 707 RAL which is paid back in 30 days $1.000 - $1,500 51.501 - 52.000 $2,001 - 55.000 (Assume a 360-day year) RAL Fee $29.00 $39.00 549.00 569.00 589.00 What is the annual rate of interest for this loan? Round to three dec mal places