What Is the APR on a Loan That Charges Interest

question 45

Multiple Choice

What is the APR on a loan that charges interest at the rate of 1.4% per month?

• A) 10.20%
• B) 14.00%
• C) 16.80%
• D) 18.16%

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Lodging Establishments

Businesses that provide temporary accommodation services, such as hotels, motels, inns, and bed-and-breakfasts.

Disclosure Statement

A document that outlines important details about a financial transaction or product to ensure transparency and informed decision-making.

Franchise

A type of business model where a business owner (franchisor) licenses their business name, products, and operating methods to an independent entrepreneur (franchisee).

Franchise Agreements

Contracts between the franchisor and franchisee outlining the terms under which the franchise operates, including fees, rights, and responsibilities.