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You work at a car dealership, and you want to quote an appropriate interest rate to your clients. You want to actually charge your clients 8.08% per year. What is the rate you quote as an APR with compounding every two weeks (there are 52 weeks in a year)? You work at a car dealership, and you want to quote an appropriate interest rate to your clients. You want to actually charge your clients 8.08% per year. What is the rate you quote as an APR with compounding every two weeks (there are 52 weeks in a year)?
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To convert the interest rate of 808 per year to an Annual Percentage R... View the full answer
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
8th edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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