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 $1,897 simple discount note at 51 % for 15 months. What rate has she been paying? Note: Do not round intermediate calculations. Round your final answer to the nearest tenth percent. Effective interest rate %
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 $1,897 simple discount note at 51 % for 15 months. What rate has she been paying? Note: Do not round intermediate calculations. Round your final answer to the nearest tenth percent. Effective interest rate %
Chapter1: Financial Statements And Business Decisions
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