Sarah gave out a loan of $4,500 to a friend on December 11, 2015. The loan...
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Sarah gave out a loan of $4,500 to a friend on December 11, 2015. The loan was on May 17, 2016 with $140.64 interest. a. What was the time period of the loan expressed in days? days . vVnat was the time period of the loan expressed in days? days b. What was the annual simple interest rate for this loan? % Round to two decimal places Sarah gave out a loan of $4,500 to a friend on December 11, 2015. The loan was on May 17, 2016 with $140.64 interest. a. What was the time period of the loan expressed in days? days . vVnat was the time period of the loan expressed in days? days b. What was the annual simple interest rate for this loan? % Round to two decimal places
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Related Book For
Introduction to Derivatives and Risk Management
ISBN: 978-1305104969
10th edition
Authors: Don M. Chance
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