What is the actual interest rate for this
Your cousin is due a tax refund of $400 in six-weeks. His tax preparer has an arrangement with a bank to get him the $400 now. The bank charges an administrative fee of $29 plus interest at 6.5%. What is the actual interest rate for this loan?
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micro spinoffs inc issued 20-year debt a year ago at par value with a coupon rate of 4 paid annually today the debt is
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in a slow year deutsche burgers will produce 35 million hamburgers at a total cost of 53 million in a good year it can
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your cousin is due a tax refund of 400 in six-weeks his tax preparer has an arrangement with a bank to get him the 400
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