If you paid $120 to a loan company for the use of $2,000 for 90 days, what

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If you paid $120 to a loan company for the use of $2,000 for 90 days, what annual rate of interest did they charge?
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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