Use a calculator for this exercise.Chuong Ngo borrows 2800 from a bank that advertisesa 9% simple interest rate and repays the loanin four equal monthly payments. Estimate the APR. Roundto the nearest tenth of a percent. Use the Approximate AnnualPercentage Rate Formula.
Use a calculator for this exercise.Chuong Ngo borrows 2800 from a bank that advertisesa 9% simple interest rate and repays the loanin four equal monthly payments. Estimate the
numerade.com3 个月之前
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askanydifference.com
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SOLVED: Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are not true?1- The annual percentage rate (APR) is considered a more accurate measurement of what you will actually pay.2- Lenders are legally required to show potential borrowers the effective annual rate (EAR) on any loan offered.3- The difference between APR and EAR is not that large.4- None of the above are untrue statements.
SOLVED: Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are not true?1- The annual percentage rate (APR) is considered a more accurate measurement of what you will actually pay.2- Lenders are legally required to show potential borrowers the effective annual rate (EAR) on any loan offered.3- The difference between APR and EAR is not that large.4- None of the above are untrue statements.
numerade.com
2023年5月1日
Yang you guys guna tu adalah Annual Percentage Rate, bukan Simple Interest! #financialfaiz #apr #simpleinterest
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Yang you guys guna tu adalah Annual Percentage Rate, bukan Simple Interest! #financialfaiz #apr #simpleinterest
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