Question
Ricky Ripov's Pawn Shop charges an interest rate of 25 percent per month on loans to its customers. Like all lenders, Ricky must report an
Ricky Ripov's Pawn Shop charges an interest rate of 25 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. What is the effective annual rate? (Express your final answer in decimal format)
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
