A borrower accepts a loan of 550 and is required to pay 42
A borrower accepts a loan of $550 and is required to pay $42 at the end of each week for 16 weeks. Find the interest rate per week. What is the nominal interest rate per year? What is the effective interest rate per year?
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a borrower accepts a loan of 550 and is required to pay 42 at the end of each week for 16 weeks find the interest rate
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