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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 153
Solve the following application problems and use the table to find the annual percentage rate.
Should businesses be able to charge interest rates of over 20% to customers with very poor credit histories? Why or why not? If not, do you think any firm would lend to these customers?
Should businesses be able to charge interest rates of over 20% to customers with very poor credit histories? Why or why not? If not, do you think any firm would lend to these customers?
Explanation
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Businesses can be able to charge interes...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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