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A credit loan that charges a monthly interest rate of 1%, so the annual percentage rate is 12 .68%, the effective annual rate is 12%.
A credit loan that charges a monthly interest rate of 1%, so the annual percentage rate is 12 .68%, the effective annual rate is 12%. true or false?
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
