Compute annual rate of interest for refund anticipation loan
The client receives the $475.00 Refund Antcipation Loan that is paid back in twenty days, determine annual rate of interest for refund anticipation loan if fee is $29.00.
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What is the maximum amount of money that you would be willing to pay for this investment? Why (please justify using mathematical/statistical tools)? What other information would be important to you in deciding whether the software is worth the inv
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