Answer to Question #121125 in Finance for Servan

Question #121125
What is the effective interest rate faced by a person who owes a loan to the loan shark with monthly payments at a 36% annual interest rate?
1
Expert's answer
2020-06-15T11:30:14-0400
Dear Servan, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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