securities markets, Mathematics

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SIMPLE INTEREST, A payday loan company charges a $95 fee for a $500 payday ...

A payday loan company charges a $95 fee for a $500 payday loan that will be repaid in 11 days. Treating the fee as interest paid, what is the equivalent annual interest rate?

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Accumulated amount , $26,000 is spended for two years. In the first year it...

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