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Big Doms Pawn Shop charges an interest rate of 27.3 percent per month on loans to its customers. Like all lenders, Big Dom must report
| Big Doms Pawn Shop charges an interest rate of 27.3 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. |
| What rate should the shop report? |
| APR % ? |
| What is the effective annual rate? EAR % ? |
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The Complete Guide To Real Estate Finance For Investment Properties
Authors: Steve Berges
1st Edition
0471647128, 978-0471647126
