Ask Question
4 March, 02:18

City Loans wants to earn an effective annual return on its consumer loans of 18.9 percent per year. The bank applies daily compounding. What interest rate is the firm required by law to report to potential borrowers?

+5
Answers (1)
  1. 4 March, 05:41
    0
    Answer: 17.32%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “City Loans wants to earn an effective annual return on its consumer loans of 18.9 percent per year. The bank applies daily compounding. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers