moeshaclines201 moeshaclines201

08-03-2017
Mathematics

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A company offering tax refund anticipation loans is trying to draw new customers. The company guarantees that the annual percentage rate on its loans is 39%. What fees would the company charge on a $1,200 loan if the term of the loan is 18 days?

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Aliwohaish12 Aliwohaish12

08-03-2017

1200*0.39*18/360=23.4

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