Section 347 of the Criminal Code of Canada makes it illegal to charge more than 60% annual

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Section 347 of the Criminal Code of Canada makes it illegal to charge more than 60% annual interest Is a private lender who is charging a rate of 4.2% per month operating within the law? Provide calculations to support your answer.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:39 AM

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Section 347 of the Criminal Code of Canada makes it illegal to charge more than 60% annual

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Since the interest is collected each month w...View the full answer

Fundamentals Of Business Mathematics In Canada

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