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A $1000 loan is paid off in 12 equal monthly payments. The stated annual interest rate is 10 percent. What is the APR? A. 18.5%
A $1000 loan is paid off in 12 equal monthly payments. The stated annual interest rate is 10 percent. What is the APR?
| A. 18.5% | ||
| B. 10.0% | ||
| C. 9.2% | ||
| D. 14.7% | ||
| E. 12.6% |
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Clever Girl Finance Learn How Investing Works Grow Your Money
Authors: Bola Sokunbi
1st Edition
1119696739, 978-1119696735
