Question: QUESTION 4 0.9 points Save Ans You are trying to figure out what APR to charge. (Assume monthly compounding ) Your bank charges you 5

QUESTION 4 0.9 points Save Ans You are trying to figure out what APR to charge. (Assume monthly compounding ) Your bank charges you 5 APR, and you want to charge an effective premium of 3 percent. Calculate your effective rate, add the premium, then back into the APR you should charge. What is it

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