Question 203407
1) 699*1.0825=756.67
2) March 14, March 13 will use ordinary for ease of calculations
3) 756.67*1.067=807.37+(.01133*756.67)=815.94
I converted the 2% per month to 17 days of interest or .01133 for that part of the month.
4) $59.27, 26.9% annual rate or 7.8% for the period.