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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 15
The Freemont Bank offers a business line of credit that has an annual percentage rate of prime rate plus 5.4%, with a minimum of 11%. What is the APR if the prime rate is
a.
b. 10.1%
c. 9.25%
d. 5%
a.
b. 10.1%
c. 9.25%
d. 5%
Explanation
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The given data is the freedom bank offer...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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