Business, 15.11.2019 17:31 lexik4746

You can buy an item for $125 on a charge with the promise to pay $125 in 60 days. suppose you can buy an identical item for $115 cash. if you buy the item for $125, you are in effect paying $10 for the use of $115 for two months. what is the effective annual rate of interest? enter your answer as a percentage rounded to two decimal places.

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You can buy an item for $125 on a charge with the promise to pay $125 in 60 days. suppose you can bu...

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