The 391% mentioned is an annual nominal rate [15% (365/14)]. Should the 2-week rate (15%) be
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No the rollover fee is a simple 15 per 2week period In other wo...View the full answer
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Related Book For
Principles of Managerial Finance
ISBN: 978-1408271582
Arab World Edition
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
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