Determine annual opportunity cost of checking account which

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A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company?

What is the annual opportunity cost of a checking account that requires a $350 minimum balance to avoid service charges? Assume an interest rate of 6.5 percent.

Reference no: EM13451643

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Determine annual opportunity cost of checking account which : a payday loan company charges 4 percent interest for a two-week period. what would be the annual interest rate from

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