Aliah just sent an application for a loan. The loan has an annual percentage rate of 21%. What is the monthly interest rate that will apply to any unpaid balances on this loan? Assume 12 equal months.
A) 21%.
B) 11.75%.
C) 2.50%.
D) 1.75%.
Correct Answer:
Verified
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A) title loans.
B) rent-to-own retailers.
C)
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Q8: Members of alternative financial systems include
A) check
Q10: The most popular alternative loan is a(n)
A)
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