Can you please explain me this? Thanks! Amandas utility bill stated that interest would be charged at
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Can you please explain me this? Thanks!
Amanda’s utility bill stated that interest would be charged at a rate of 3.5% per month on any outstanding payments on the invoice. What effective interest rate would be charged on outstanding payments. (compounding is monthly)
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ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
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