Business, 11.03.2020 17:12, BigCra

Money is a rather tight this month, and so you decide to borrow $1,300 from your local loan shark, "Mr. E. Z. Loan". He is willing to lend you the $1,300 if you will repay him $1,371.50 one month later. What nominal annual interest rate are you being charged

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Money is a rather tight this month, and so you decide to borrow $1,300 from your local loan shark, "...