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P6-19 EAR versus APR (LO4] Big Dom's Pawn Shop charges an interest rate of 19 percent per month on loans to its customers. Like all

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P6-19 EAR versus APR (LO4] Big Dom's Pawn Shop charges an interest rate of 19 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. Required: (a)What rate should the shop report? (Click to select) (b)What is the effective annual rate? (Click to select) P6-19 EAR versus APR (LO4] 5 Big Dom's Pawn Shop charges an interest rate of 19 customers. Like all lenders, Big Dom must report an A 6.66 points Required: (a)What rate should the shop report? (Click to select) (Click to select) (6) 216.60% tive annual rate? 228.00% 19.00% 223.44% 23256% WE

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