Answered: Luke borrowed 1,000 from local loan…

Luke borrowed 1,000 from local loan shark and paid him double 6 months what simple annual interest did Luke pay this man

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 19PROB

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Luke borrowed 1,000 from local loan shark and paid him double 6 months what simple annual interest did Luke pay this man

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