Mathematics, 07.04.2021 20:20 StupidFatChipmunk
Desperate to pay your bills, you drive down to a lending
company, All of U. They promise you a low monthly
payment and a Monthly Percentage Rate (MPR) of 13%
which is compounded monthly. They tell you that the MPR
could change tomorrow. You are desperate but them you
need to study the loan documentation for a day before
making a decision.
1) If the MPR is 13%, what is the APR (Annual Percentage Rate)?
3
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Answers: 2
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Desperate to pay your bills, you drive down to a lending
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