Question: Please solve via EXCEL and show table calculation functions used to get solutions. You are trying to talk your brother out of using one of

Please solve via EXCEL and show table calculation functions used to get solutions.

You are trying to talk your brother out of using one of those payday loan places. You told him that it would be a bad idea and you are explaining why. The loan is for $750 and it will be paid back in 12 days. He will have to pay them back $1100. If the company compounds every 12 days

What is the effective interest rate per year?

What would you owe if you kept the money for 1 year?

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