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Assume you borrow $1,000 for one year at a stated contract rate of 10%. You will be making 12 monthly payments to repay this loan.
Assume you borrow $1,000 for one year at a stated contract rate of 10%. You will be making 12 monthly payments to repay this loan. What is the APR for this loan using simple interest?
| 10% |
| 17.98% |
| 19.90% |
| None of the above |
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The Handbook Of Pairs Trading
Authors: Douglas S. Ehrman
1st Edition
0471727075, 9780471727071
