Question
Ricky Ripovs Pawn Shop charges an interest rate of 16.5 percent per month on loans to its customers. Like all lenders, Ricky must report an
Ricky Ripovs Pawn Shop charges an interest rate of 16.5 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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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Noah D. Glick
3rd Edition
0470497521, 9780470497524
