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Rickos Rickos
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6 years ago
The annual percentage rate (APR) on short-term loans from Bank A is 5.75% per year. Bank B claims that their interest rate is only 5.44% per year. However, Bank B charges interest on a discount basis. Which bank is charging the lowest APR on a one-year loan?
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Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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Rickos Author
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6 years ago
I want to thank you for being so helpful
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