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A shop charges an interest rate of 2 5 . 5 % / monthly on loans to its customers. What is the APR that the
A shop charges an interest rate of monthly on loans to its customers. What is the APR that the shop is required to report?
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
