Business, 09.12.2020 21:50 Viishnu15

The SKC Corporation plans to borrow $1,000 for a 90-day period. At maturity the firm will repay the $1,000 principal amount plus $30 interest. What is the effective annum rate of interest (APR) for the loan?

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The SKC Corporation plans to borrow $1,000 for a 90-day period. At maturity the firm will repay the...

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