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The company Furniture ABC offers credit to its customers at a rate of 1 . 4 percent per month. What is the effective annual rate
The company Furniture ABC offers credit to its customers at a rate of percent per month. What is the effective annual rate and the annual percentage rate of this credit offer? Based on your answer, consider Should lending laws require lenders to report EARs instead of APRs? Why or why not?
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
