# Annual percentage rate?(Use the formula to solve the problem) **HELP,PLZ**?

Answers:8 | LastUpdateAt:2019-04-07 20:12:23

**Q**uestion- Channin
- Asked at 2012-08-26 03:43:02

Carl Cornfield has a short-term loan at 18% annual interest . He pays the monthly interest and want to know the annual percentage rate ? MedlinePlus
MedlinePlus
formula : APR = (1 + I/12 ) ^ t -1

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