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14-01-2019
Mathematics

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A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective interest rate?

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rintalaanthony rintalaanthony

09-08-2019

Answer:

Its APR, because it's 2.62% less than its effective interest rate.

Step-by-step explanation:

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