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Calculate the average percentage rate (APR)for an add-on loan with 36 monthly installments.The principal is $4,000; the stated interest rate is 6%.(Show all work.)
Urbanization
Movement of increasing numbers of people from rural areas to cities.
Shrinks Cities
The phenomenon where urban areas experience a reduction in population, leading to a surplus of infrastructure and decreased economic activity.
Minimum-Wage Service Jobs
Employment positions that pay the lowest legal allowable wage and are typically found in the service sector, such as in fast food restaurants and retail stores.
Barbara Ehrenreich
An American author and journalist known for her works on social issues, including "Nickel and Dimed," which explores the impact of low-wage work in America.
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