Question: How do you calculate APR given the following parameters: A: You borrow $100 from a friend and pay them back $125 one year from now.
How do you calculate APR given the following parameters:
A: You borrow $100 from a friend and pay them back $125 one year from now.
B: You borrow $100 from a friend and pay them back $125 nine months from now.
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To calculate the Annual Percentage Rate APR for both scenarios A and B you need to determine the int... View full answer
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