ninaraben45 ninaraben45

12-01-2023
Mathematics

contestada

A person charges $100 to a credit card with a 24% nominal annual interest rate.
Assuming no other charges or payments are made, what is the balance on the card, in dollars, after 1 year if interest is calculated:

1. Annually: $

2. Every 6 months: $

3. Every 3 months: $

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