Determining the annual percentage rate


The gift house offers credit to its customers and charges interest of 1.1% per month. What is the annual percentage rate?

1. 13.20 %

2. 13.39 %

3. 13.84%

4. 14.03 %

5. 14.24 %

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Finance Basics: Determining the annual percentage rate
Reference No:- TGS044738

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