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sharonfaith30 sharonfaith30
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10 months ago
The annual membership dues in the Rolling Meadows Golf and Country Club can be paid by four payments of $898.80 at the beginning of each calendar quarter instead of by a single payment of $3428 at the beginning of the year. What effective rate of interest, to the nearest 0.01%, is the club charging the quarterly instalment payers on the unpaid balance of their annual dues?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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nnennennenne
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10 months ago
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sharonfaith30 Author
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10 months ago
Thanks for your help!!
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Brilliant
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Thanks
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