What is the annual percentage rate on a loan that charges interest of 1.65 percent per quarter?
Group of answer choices
6.50%
6.45%
6.54%
6.60%
6.72%
Annual percentage rate is equal to
=1.65%/quarter*4 quarters
which is equal to
=6.60%
What is the annual percentage rate on a loan that charges interest of 1.65 percent per...
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