Question
icky Ripovs Pawn Shop charges an interest rate of 13.75 percent per month on loans to its customers. Like all lenders, Ricky must report an
icky Ripovs Pawn Shop charges an interest rate of 13.75 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. What rate should the shop report? What is the effective annual rate?
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Faith Family And Finances Strong Foundations For A Better Life
Authors: Henry Fernandez, Kenneth Copeland
1st Edition
1603742808, 978-1603742801
