Whistling widgets can pay the fire insurance premiums on, Ask an Expert

Economics

Whistling Widgets can pay the fire insurance premiums on its factory either quarterly or annually. If paid annually, the premium is $3600. If paid quarterly, there is a $50 fee added to each $900 payment. If Whistling Widgets pays annually, what effective annual interest rate is it earning?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92637544

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