If paid quarterly the payments are 1000 each if freds, Financial Management

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If paid quarterly the payments are 1000 each if freds

Fred is a sales engineer who conducts much of his business at an exclusive country club. If his dues are paid annually, they are $3600.

If paid quarterly, the payments are $1000 each. If Fred's company pays the dues annually, what effective annual interest rate is it earning?

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Financial Management: If paid quarterly the payments are 1000 each if freds

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Financial Management: If paid quarterly the payments are 1000 each if freds

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