At www.daveramsey.com's Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is "Pay off debt using the debt snowball." After graduating from FPU, Courtney Lopez - Munoz is trying to calculate the effective interest rate she is paying for a $1,861 simple discount note at 514% for 16 months. What rate has she been paying? Note: Do not round intermediate calculations. Round your final answer to the nearest tenth percent
At www.daveramsey.com's Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is "Pay off debt using the debt snowball." After graduating from FPU, Courtney Lopez - Munoz is trying to calculate the effective interest rate she is paying for a $1,861 simple discount note at 514% for 16 months. What rate has she been paying? Note: Do not round intermediate calculations. Round your final answer to the nearest tenth percent
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 27M
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At www.daveramsey.com's Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is "Pay off debt using the debt snowball." After graduating from FPU, Courtney Lopez - Munoz is trying to calculate the effective interest rate she is paying for a $1,861 simple discount note at 514% for 16 months. What rate has she been paying? Note: Do not round intermediate calculations. Round your final answer to the nearest tenth percent.
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