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Sam Seller offers credit at 19% interest per year.To the nearest tenth, APR = %.A:20.7B:21.5C:22.2
4 months ago
Q:
Sam Seller offers credit at 19% interest per year.To the nearest tenth, APR = %.A:20.7B:21.5C:22.2
Accepted Solution
A:
(1+0.19/12)^(12))-1) =0.20745= 20.74% rounded to nearest tenth = 20.7%Answer is A