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??????? Big Show's Pawn Shop charges an interest rate of ( 27.4 % ) per month on loans to its customers. Like all lenders, Big
??????? Big Show's Pawn Shop charges an interest rate of \( 27.4 \% \) per month on loans to its customers. Like all lenders, Big Show must report an APR to consumers. What rate should the shop report? (Round 1 answer
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
