Your roommate let you borrow $211 to buy the PS52 months ago. You just paid him back today and gave him $30 extra for interest. What is the effective annual rate? Convert to a percent, round to 2 decimal places
Your roommate let you borrow $211 to buy the PS52 months ago. You just paid him back today and gave him $30 extra for interest. What is the effective annual rate?
Convert to a percent, round to 2 decimal places
You are late paying your cable bill again. It was due 10 days ago and you have been charged $32. Your bill was $197. What is the period rate? Convert to a percent and round to 2 decimal places.
You are late paying your cable bill again. It was due 11 days ago and you have been charged $32. Your bill was $120. What is the Effective Annual Rate? Convert to a percent and round to 2 decimal places
Your roommate let you borrow $114 to buy the PS5 3 months ago. You just paid him back today and gave him $30 extra for interest. What is the effective annual rate? Convert to a percent, round to 2 decimal places.
Your roommate let you borrow $133 to buy the PS5 3 months ago. You just paid him back today and gave him $32 extra for interest. What is the period rate? Convert to a percent, round to 2 decimal places
Your roommate let you borrow $366 to buy the PS5 6 months ago. You just paid him back today and gave him $34 extra for interest. What is the annual percentage rate (APR? Convert to a percent, round to 2 decimal places
You are late paying your cable bill again. It was due 7 days ago and you have been charged $23. Your bill was $168. What is the annual percentage rate (APR)? Conveft to a percent and round to 2 decimal places.
You just got the Amazon credit card. The annual rate is 19.7% and interest compounds daily. What is the effective annual rate (EAR)?
Convert to a percent round to 2 decimal places.
You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a guaranteed average return of 11% per month, you did not believe them. What would be the annual percentage rate on the investment that the redditor describes? Answer as a percent.
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