Carol has a bail bondsman post a bail of $10,000 for her trial that will take place

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Carol has a bail bondsman post a bail of $10,000 for her trial that will take place in 4 months. The bondsman charges a $80 fee plus of the bail. What interest rate is being charged by the bail bondsman? a. 8% b. 35.2% c. 26.4% d. 52.8%

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Mar 27, 2024 09:00 PM

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Carol has a bail bondsman post a bail of $10,000 for her trial that will take place

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To find the interest rate being charged by the bail bondsman we first need to calculate the total am... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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