Question
Assume a retail company charges an interest rate of 1.84 percent per month on loans to its customers. Like all lenders, the company must report
Assume a retail company charges an interest rate of 1.84 percent per month on loans to its customers. Like all lenders, the company must report an APR to consumers. What rate should the company report? What is the effective annual rate?
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Gapenskis Understanding Healthcare Financial Management
Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
