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o-na [289]
3 years ago
9

Using a calculator and the formula above, calculate the APR. Choose the correct answer.

Mathematics
1 answer:
GarryVolchara [31]3 years ago
7 0
APR=(1+r/12)^(12)-1
APR=(1+0.16÷12)^(12)−1
APR=0.172×100
APR=17.2%
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