Mathematics, 11.11.2019 22:31 ybhques7
Suppose your credit card issuer states that it charges a 17.00% nominal annual rate, but you must make monthly payments, which amounts to
monthly compounding. what is the effective annual rate?
select the correct answer,
a. 18.19%
b. 17.99%
c. 18.39%
d. 18.79%
e. 18.59%
Answers: 1
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Suppose your credit card issuer states that it charges a 17.00% nominal annual rate, but you must ma...
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