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3 years ago

9

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

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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