What is the 1,200 used when multiplying for an APR on a loan?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
This is 12 months multiplied by 100 percent to arrive at an APR for a year expressed in percentage.
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