1.
loan amount: $15,000
method of interest payment: discount basis
amount of int...
![subject](/tpl/images/cats/mat.png)
Mathematics, 08.10.2019 11:30 kataldaine
1.
loan amount: $15,000
method of interest payment: discount basis
amount of interest paid: $650
effective rate of interest?
2.
loan amount: $15,000
method of interest payment: collect basis
amount of interest paid: $650
effective rate of interest?
for #1. i got 4.3% but i don’t know if i’m doing it right.
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Answers: 2
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