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Show transcribed image text Money is a rather tight this month and so you decide to borrow $1500 from your local loan shark Mr EZ Loan He is willing to lend you the S 1500 if you will repay

Show transcribed image text Money is a rather tight this month, and so you decide to borrow $1.500 from your local loan shark, Mr. E.Z. Loan. He is willing to lend you the S 1,500 if you will repay him S 1,545.00 one month later. What nominal annual interest rate are you being charged? 36.00% per month 42.64% per year 36.00% per year 5.11% per year Jean Silva can earn 7.25% compounded continuously. If she deposits $10,000 now, now much money will she have after 1 year? $10,725.00 $8,826.90 $9,300.66 $10,751.93
 

May 02 2020 View more View Less

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