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Ricky Ripov’s Pawn Shop charges an interest rate of 16.5 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. What rate should the shop report? What is the effective annual rate?
Financial Management, Finance
ASSIGNMENT : Introduction to Business Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure ...
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Introduction Throughout this course, the focus has been on the problem-solving model and learning how to complete the steps. In addition, you learned how to utilize analysis tools to help you with some of the problem-sol ...
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