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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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method of interest payment: discount basis
amount of int...
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