3. You have a chance to lend $6,500 at 5.25% interest for 95 days. a)...
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Accounting
3. You have a chance to lend $6,500 at 5.25% interest for 95 days. a) If you charge ordinary interest, how much will you earn? b) If you charge exact interest, how much will you earn? c) If you were borrowing the money, would you prefer to pay ordinary interest or exact interest? Why
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