Question
You have agreed to loan some money to a friend at a simple interest rate of 190% which is outrageous but still about half of
You have agreed to loan some money to a friend at a simple interest rate of 190% which isoutrageous but still about half of the payday loan places!To make it easy on your friend who never took Math 140 you tell him you'll give him some money now and he just needs to pay you back a nice even $700 in 2 weeks. How much money do you hand him?
$ (nearest $1)
I have no idea how to figure this out?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
