zachg1567 zachg1567

13-05-2020
Mathematics

contestada

A credit card had an APR of 14.86% all of last year, and compounded interest
daily. What was the credit card's effective interest rate last year?

A. 15.92%
B. 16.02%
C. 15.41%
D. 15.71%

Respuesta :

patowc330 patowc330

14-05-2020

Answer:

16.02%

Step-by-step explanation:

(1+(0.1486/365))^365

Answer Link

2022jakegarcia 2022jakegarcia

15-12-2021

Answer:

16.02%

Step-by-step explanation:

A.P.E.X

i just took it

Answer Link

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