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Taylor's Hardware offers credit at an APR of 14.9 percent

Question : Taylor's Hardware offers credit at an APR of 14.9 percent : 5258

Taylor's Hardware offers credit at an APR of 14.9 percent and compounds interest monthly. What is the actual rate of interest they are charging?

a. 15.48%

b. 13.97%

c. 14.90%

d. 15.96%

e. 16.10%

Solution
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Solved
Finance 4 Months Ago 90 Views
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