At www.daveramsey.com's Financial Peace University [FPU], Dave recommends Seven 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 $2,005 simple discount note at 5 1/4% for 16 months. What rate has she been paying? [Do not round intermediate calculations. Round your answer to the nearest tenth percent.]
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
At www.daveramsey.com's Financial Peace University [FPU], Dave recommends Seven 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 $2,005 simple discount note at 5 1/4% for 16 months. What rate has she been paying? [Do not round intermediate calculations. Round your answer to the nearest tenth percent.]
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