What rate of interest have you been charged

Reference no: EM13268957

Estimate how many years to go before you retire. Now go back the same number of years ans find the value of the dollar compared to now. Comment

You borrow $1,000 from a friendly loan shark, undertaking to pay back $1,100 in 12 equal installments of $91.67. What rate of interest have you been charged?

Reference no: EM13268957

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What rate of interest have you been charged : You borrow $1,000 from a friendly loan shark, undertaking to pay back $1,100 in 12 equal installments of $91.67. What rate of interest have you been charged?

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