In the video, example 4, annual effective cost for EFG the answer is worked out at 10.1% however in the answers at the back of the book it's given as 12.8%...Can you clarify please?
C
cshelton·
I have the same question. I tried working through example 5 like how we did in the lecture too and I am getting 12.74% whereas the answer says it is 18.8% ?
R
Rajaa·
is the answer to the last question 11.3%? is it correct that Dory is better offering the 1.5% discount as it'll be cheaper than taking an overdraft?
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