Loan amount is 10000 and annual interest rate is 12 percent
Loan amount is $10,000 and annual interest rate is 12 percent. Find the annual effective rate of a discount loan.
A. 12 percent
B. 13.64 percent
C. 15.74 percent
D. 16.99 percent
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loan amount is 10000 and annual interest rate is 12 percent find the annual effective rate of a discount loana 12
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