Radio Shack offers credit to its customers and charges interest of 1.2 percent per month. What is the annual percentage rate? (a) 14.40 percent (b) 14.61 percent (c) 15.10 percent (d) 15.31 percent (e) 15.53 percent
Radio Shack offers credit to its customers and charges interest of 1.2 percent per month. What is the annual percentage rate? (a) 14.40 percent (b) 14.61 percent (c) 15.10 percent (d) 15.31 percent (e) 15.53 percent
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 12P
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