{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T19:01:59-04:00", "answer_date": "2024-05-27 19:01:59", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1795453", "url": "\/study-help\/questions\/ricky-ripovs-pawn-shop-charges-an-interest-rate-of-1625-1795453", "question_creation_date_js": "2024-05-27T19:01:59-04:00", "question_creation_date": "May 27, 2024 07:01 PM", "meta_title": "[Solved] Ricky Ripov's Pawn Shop charges an intere | SolutionInn", "meta_description": "Answer of - Ricky Ripov's Pawn Shop charges an interest rate of 16.25 percent per month on loans to its customers. Like all lender | SolutionInn", "meta_keywords": "ricky,ripov,s,pawn,shop,charges,interest,rate,16.25,percent,per,month", "question_title_h1": " Ricky Ripov's Pawn Shop charges an interest rate of 16.25 percent per month on loans to its customers. Like all lenders, Ricky must report", "question_title": " Ricky Ripov's Pawn Shop charges an interest rate of 16.25 percent", "question_title_for_js_snippet": "Ricky Ripov's Pawn Shop charges an interest rate of 16 25 percent per month on loans to its customers Like all lenders, Ricky must report an APR to consumers a What rate should the shop report (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e g , 32 16 ) b What is the effective annual rate (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e g , 32 16 ) a Annual percentage rate b Effective annual rate ", "question_description": "\"image", "transcribed_text": "Ricky Ripov's Pawn Shop charges an interest rate of 16.25 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. a. What rate should the shop report? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Annual percentage rate b. Effective annual rate % %", "related_book": { "title": "Accounting Tools for Business Decision Making", "isbn": "9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169", "edition": "5th edition", "authors": "Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/291.jpg", "uri": "\/textbooks\/accounting-tools-for-business-decision-making-5th-edition-291", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8429786049", "uri": "\/textbooks\/earning-more-money-smart-hack-your-way-to-a-comfortable-retirement-1st-edition-979-8429786049-167485", "name": "Earning More Money Smart Hack Your Way To A Comfortable Retirement", "edition": "1st Edition" }, "question_posted": "2024-05-27 19:01:59", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/a-companys-retained-earnings-on-december-31-2018-was-2190000-117411", "description": "A companys retained earnings on December 31, 2018 was $2,190,000 and its shareholders equity was $8,760,000. 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