Question: Year 2 3 4 5 Receipts ($) 3,000 3,000 5,000 3,000 5,000 Table 3 for Question# 5 5. Determine the interest rate for a billing

Year 2 3 4 5 Receipts ($) 3,000 3,000 5,000 3,000

Year 2 3 4 5 Receipts ($) 3,000 3,000 5,000 3,000 5,000 Table 3 for Question# 5 5. Determine the interest rate for a billing period with 31 days for a loan that charges an APR of 9%. (5 Points)

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