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Category > Business & Finance Posted 20 Jun 2017 My Price 12.00

According to a local department store,

According to a local department store, the store charges customers 1% per month on the outstanding balances of their charge accounts. What is the effective annual rate on such customer credit? Assume the store recalculates your account balance at the end of each month.

 
 
 

 

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Homework Helper
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Status NEW Posted 20 Jun 2017 06:06 AM My Price 12.00

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