Question
Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.1 percent per year. The bank uses daily compounding on
| Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.1 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? |
Interest rate:
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Cryptocurrency And Public Policy
Authors: Donavon Johnson
1st Edition
1032311231, 978-1032311234
