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Business, 09.12.2021 16:30 ctyrector

A bank customer is granted credit for a $5,000 add-on loan at 10% to be repaid in 12 equal installments. If the loan quoted has an add-on rate, what is the approximate annual percentage rate (APR) on the loan

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A bank customer is granted credit for a $5,000 add-on loan at 10% to be repaid in 12 equal installme...
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