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Which loan has the higher interest portion on any payment

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Reference no: EM132989145

Question - Holding all other variables constant, if Loan A had an interest rate of 4% while Loan B had an interest rate of 6%, which loan has the higher interest portion on any payment?

Marley is an independent sales agent. He receives a straight commission of 15% on all sales from his suppliers. If Marley averages semi-monthly sales of $16,000, what are his total annual gross earnings?

What is the effective rate on a credit card that charges interest of 0.049315% per day?

Reference no: EM132989145

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