Mr hull borrows 3500 for one year at 9 stated rate of
Mr. Hull borrows $3,500 for one year at 9% stated rate of interest. What is the effective rate of interest in the loan is discounted?
Select one:
A. 9.89%
B. 12.00%
C. 13.19%
D. 14.00%
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mr hull borrows 3500 for one year at 9 stated rate of interest what is the effective rate of interest in the loan is
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