Your roommate let you borrow $112 to buy the PS5 2 months ago. You just...
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Accounting
Your roommate let you borrow $112 to buy the PS5 2 months ago. You just paid him back today and gave him \$28 extra for interest. What is the effective annual rate? Convert to a percent, round to 2 decimal places. 10 points QUESTION 4 Your roommate let you borrow $379 to buy the PS5 4 months ago. You just paid him back today and gave him $33 extra for interest. What is the period rate? Convert to a percent, round to 2 decimal places
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