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Ganezh [65]
2 years ago
9

If you borrow $5,400 at $800 interest for one year, what is your effective interest rate for the following payment plans? (Input

your answers as a percent rounded to 2 decimal places.)
Business
1 answer:
asambeis [7]2 years ago
4 0
5400/800 = 0,14814 -> 14,81% Interest rate
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Album Co. issued 10-year $200,000 debenture bonds on January 2. The bonds pay interest semiannually. Album uses the effective in
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