Based on a $400 loan amount, rank the following companies from the lowest to highest annual percentage rate (APR)
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Answer:
Step-by-step explanation:
A = 40* (365/5)= 29.2%
B = 50*(365/12) = 15.2%
C= 80*(365/15)=19.46%
D = 100*(365/20)=18.25%
so best is B, then D , then C then A .
B,D,C,A in lowest to highest APR