What is the nominal interest rate on this loan the
The local loan shark will loan a person $1000 if the person agrees to repay the loan in two weeks with a payment of $1020. What is the nominal interest rate on this loan? The effective interest rate?
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the local loan shark will loan a person 1000 if the person agrees to repay the loan in two weeks with a payment of 1020
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question a new milling machine with an 8-year life will cost brake-o-mastic 48000 net revenues for the 8 years are 12k
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