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Mike's furniture offers credit to its customers at a rate of 1.05% per month. What is the effective annual rate of this credit offer? 13.35%
Mike's furniture offers credit to its customers at a rate of 1.05% per month. What is the effective annual rate of this credit offer?
13.35% 14.41% 14.51% 14.71%
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
