Jareds average daily balance for last month was $560. The finance charge was $8.12. a. What was
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Jared’s average daily balance for last month was $560. The finance charge was $8.12.
a. What was the monthly percentage rate?
b. What was the APR?
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a The monthly percentage rate is 3625 b The APR could b...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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