Business
Business, 27.02.2020 16:53, shawnacusteroyspr8

Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 13.75 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers?

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Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 13.75 perc...

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