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Home Q & A Board Science-Related Homework Help Mathematics
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laywatdut laywatdut
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5 months ago
Lansky Finance Company was charging 1.87% per month on overdue accounts but negative publicity and public pressure made them decide to reduce the rate. What monthly finance charge would result in an annual effective rate of 19.99%?

▸ 1.80%

▸ 1.67%

▸ 1.53%

▸ 1.42%

▸ 1.37%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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anikamazumderanikamazumder
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Anonymous
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A month ago
Help! The answer is missing an explanation...
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