Question & Answer: ctive annual interest rates on this loan? Contribut…..

A 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

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

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