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Question 12 • 26-27 Ignite Technical Math-Financial Math - MA2007

Determine the annual percentage rate (APR) for a tax refund anticipation loan based on the following information. (Round to the nearest percent.)amount of loan = $985total fees paid = $135term of loan = 10 daysa.50%b.137%c.266%d.500%

Answer
A
A
B
B
C
C
D
D
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Determine the annual percentage rate (APR) for a…