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What is the nominal interest rate per year what is the

American Eagle Financial Sources, which makes small loans to college students, offers to lend a student $500. The borrower is required to pay $38 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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Finance Basics: What is the nominal interest rate per year what is the

Reference No:- TGS0635474

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Recent Questions Asked Finance Basics

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Q : Then the borrow pays 1200 interest up front thereby

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the nominal interest rate per year what is the

Reference No:- TGS0635474

Recent Questions Asked Finance Basics

Q : A department store has offered you a credit card that

Q : Ball a is thrown vertically upward from the top of a

Q : Then the borrow pays 1200 interest up front thereby

Q : As the sun rises over a still pond an angle will be reached

Q : What is the nominal interest rate per year what is the

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Q : A loan of 20000 is to be financed to assist a person

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