Your uncle lends you $2,100 less $84 (interest at 4 percent), and you receive $2,016. Use the
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Your uncle lends you $2,100 less $84 (interest at 4 percent), and you receive $2,016. Use the APR formula to find the true annual percentage rate. Assume you repay the entire loan in one year. (Enter your answer as a percent rounded to 3 decimal places.) |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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