Dave borrowed 600 on January 1 2006 and paid it all back at once on...

50.1K

Verified Solution

Question

Calculus

image

Dave borrowed 600 on January 1 2006 and paid it all back at once on December 31 2006 The bank charged him a 5 00 service charge and interest was 44 20 What was the APR Do not round intermediate calculations Enter your answer as a percent rounded to 2 decimal places Annual percentage

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students