Personal Finance (6th Edition) (Pearson Series in Finance)
Personal Finance (6th Edition) (Pearson Series in Finance)
6th Edition
ISBN: 9780134082561
Author: Jeff Madura
Publisher: PEARSON
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Chapter 9, Problem 8RQ
Summary Introduction

To determine: The difference between a 10% rate charged per day loan and a 10% rate charged by a bank on a personal loan.

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