A pawnshop will lend $2,500 for 45 days at a cost of $35 interest. What is the

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A pawnshop will lend $2,500 for 45 days at a cost of $35 interest. What is the effective rate of interest?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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