If you have an account with 31.99% APR, what is the periodic interest rate for February, June, and March?

2.67%

Explanation:

Periodic interest rate refers to the Annual Percentage Rate (APR) converted to the periods in question. It is calculated by dividing the APR by the number of periods it is to be converted to.

If for instance a monthly periodic rate is needed, divide APR by 12 as there are 12 months in a year.

If it is a daily periodic rate needed, divide the APR by 365 as that is the number of days in a year.

This question is asking for a monthly periodic interest rate:

= 31.99% / 12

= 0.026658

= 2.67%

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.