A friend loaned some money. The debtor is scheduled to pay him $579 in 3 months. The friend needs money now, so you agree to pay him $521. What is the annual interest rate you will earn? Express Final answer in decimal rounded off with 4 decimal places

A friend loaned some money. The debtor is scheduled to pay him $579 in 3 months. The friend needs money now, so you agree to pay him $521. What is the annual interest rate you will earn? Express Final answer in decimal rounded off with 4 decimal places

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 16E

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