Week 6 Ch6 http://erto mheduc tpx File Edit View Favorites Toos Help " pohotmal Robert-Blackboard...
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Week 6 Ch6 http://erto mheduc tpx File Edit View Favorites Toos Help " pohotmal Robert-Blackboard Bank N Netflix y hih2 G Google-YouTube n.-Juadd Question6 (of 6) 6. 670points Problem 6-15 Calculating APR ILO4] Tai Credt Corp wants to eam an eflective annual return on its consumer loans of 14.4 percent per year as a percent rounded to 2 decimal places, -g,32.16) Interest rate The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borowers? (Use 365 days a year. Do not round intermediate calculations. Enter your answer References eBook & Resources Difficulty Basic Problem 6-15 Calculating APR L04] Leaming Objective 06-04 How interest rates are quoted (and misquoted)
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