Like all lenders ricky must report an apr to customers what
Ricky Ripov's pawn shop charges an interest rate of 13.7% per month on loans to its customers. Like all lenders, ricky must report an APR to customers. What rate should the shop report? What is its effective annual rate?
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time value of money the final tally is in this years operating costs were down 100000a decrease directly attributable
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ricky ripovs pawn shop charges an interest rate of 137 per month on loans to its customers like all lenders ricky must
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