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Von Hayek's Kayaks can borrow $12,500 for 60 days at a cost of $220 interest. What is the effective rate of interest? More than 10.5%
Von Hayek's Kayaks can borrow $12,500 for 60 days at a cost of $220 interest. What is the effective rate of interest? More than 10.5% but less than 11.5% More than 11.5% Less than 9.9% Mole than 9.9% but less than 10%
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