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Mathematics, 25.04.2021 21:20 jaemitchell23
If a nine-day single payment loan has a periodic interest rate of 10.5%, what is
the approximate effective interest rate of the loan?
A. 56,356,3%
B. 5635.6%
C. 5735.6%
D. 57,356.3%
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Answers: 2
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If a nine-day single payment loan has a periodic interest rate of 10.5%, what is
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