Business, 12.03.2020 21:00, kaziyahf2006

Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 16 percent per year. If the bank uses daily compounding on its loans, what APR is the bank required by law

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Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 16 perc...