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Big Show's Pawn Shop charges an interest rate of 29.0% per month on loans to its customers. Like all lenders, Big Show must report an
Big Show's Pawn Shop charges an interest rate of 29.0% 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 the final answer to 1 decimal places.) APR % What is the effective annual rate? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) EAR % Step by Step Solution
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The Handbook Of Sentiment Analysis In Finance
Authors: Gautam Mitra, Xiang Yu
1st Edition
1910571571, 978-1910571576
