help with question please

User Generated

ZfCbbu

Business Finance

Description

 the effective APR may be different that the stated APR because

compounding occurs more often than once a year.

extra fees are added to most loans.

banks are allowed to hide the real cost of borrowing.

 the APR assumes semiannual compounding.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

 the APR assumes semiannual compounding.


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