Lenny Loanshark charges 1 point per week (i.e., 1% per week) on his loans. What APR must

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Lenny Loanshark charges "1 point" per week (i.e., 1% per week) on his loans. What APR must he report to consumers? Assume exactly 52 weeks in a year. What is the effective annual rate?

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Fundamentals of Corporate Finance

ISBN: 978-1259722615

9th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 24, 2017 08:56 AM

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Lenny Loanshark charges 1 point per week (i.e., 1% per week) on his loans. What APR must

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Fundamentals of Corporate Finance

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