charges a $ 10 interest fee for a two-week period on a $300 loan. What are the nominal and effective annual interest rates on this loan? Contributed by Gillian Nicholls, Southeast Missouri State University
Expert Answer
charges a $ 10 interest fee for a two-week period on a $300 loan. What are the nominal and effective annual interest rates on this loan? Contributed by Gillian Nicholls, Southeast Missouri State University