Annual percentage interest rate

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Reference no: EM131267678

The Wet Dog Surf Company borrows $30,000 for 11 months and will pay $2,887.50 interest . Calculate Wet Dog's Annual Percentage Interest Rate (APR) (rounded to two decimal places).

Reference no: EM131267678

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Annual percentage interest rate : The Wet Dog Surf Company borrows $30,000 for 11 months and will pay $2,887.50 interest . Calculate Wet Dog's Annual Percentage Interest Rate (APR) (rounded to two decimal places).

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