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annual interest rate就是10%,所以effective rate跟APR是一样的啊。
gohomenextyear
(小绿)
(#81186@41)
Last Updated: 2014-7-1
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小明 signed a 90 day, 10 percent annual interest rate note for $ 1,000 on December 15 2013. What is the interest expense as of December 31, 2013? 不带直接给答案,要带过程。今天考试,也没带计算器,傻眼了。最头疼算这个。
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