Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 13.5 percent p


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Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 13.5 percent p 1 answer below ยป Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 13.5 percent per year. The bank uses daily compounding on its loans. Required: What interest rate is the bank required by law to report to potential borrowers? Feb 11 2014 05:32 PM

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