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danyyzz danyyzz
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A month ago
Wilma borrows $10,000 from "Jaw Breaker Joe" and promises to repay Joe a total of $10,500 in one month. What is the effective annual interest rate charged by Joe?

▸ 79.59%

▸ 179.59%

▸ 60.00%

▸ 5.00%
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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Ama1911Ama1911
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A month ago
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