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Business, 30.09.2021 23:40 jameslinimk

Your bank will lend you $4,000 for 45 days at a cost of $50 interest. What is your effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a whole percent.)

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Your bank will lend you $4,000 for 45 days at a cost of $50 interest. What is your effective rate...
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