8. A bank offers loans for 1.75% interest per month. a. What is the advertised APR...

Question

Question

business economics

Answer 1

Answer #1

a) APR = 124 Interest pee month - 12 x 1.75 / ; 21). bi ( + - 1 = effective interest rat Effective Inteenet - 1lt rate = 1a3.

Answer 2

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