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Jules borrowed $30,000 loan from a loan shark. The loan requires her to make payments of $250 per week ( 52 weeks per year) for
Jules borrowed $30,000 loan from a loan shark. The loan requires her to make payments of $250 per week ( 52 weeks per year) for four years. What annual rate (APR) and effective annual rate (EAR) does the loan charge? APR 26:31\%; EAR 30.01\% Ant 30 An: EAR 30015 APR 26.31K:EAR 3553% APR 30.49% EAR 35.53K APR does not exist EAR does not evist
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
