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Mathematics, 25.09.2021 03:20 lackin2056

Axis Credit wants to earn an effective annual return on its consumer loans of 22.7% per year. The financing company uses daily compounding on its loans. What interest rate is Axis required by law to report to potential borrowers?

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Axis Credit wants to earn an effective annual return on its consumer loans of 22.7% per year. The fi...
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