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27 June, 02:39

Using a calculator and the formula, calculate the APR. Choose the correct answer. Sam Seller offers credit at 16% interest per year.

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  1. 27 June, 02:54
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    R = (1+i/m) ^m) - 1 = (1+0.16:12) ^ (12)) - 1) * 100=17.23%
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