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?

Solution Preview :

Prepared by a verified Expert
Basic Computer Science: Like all lenders ricky must report an apr to customers what
Reference No:- TGS02442766

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)