BeautifulDisaster723 BeautifulDisaster723

15-11-2017
Mathematics

contestada

A credit card issuer offers an APR of 19.94% and compounds interest monthly. Find the effective interest rate and explain which the card issuer is mostly likely to advertise, its APR or its effective interest rate?

Respuesta :

musiclover10045 musiclover10045

15-11-2017

((1+0.1994/12)^12)-1 = 21.87% effective rate

it would advertise the APR because it is lower

Answer Link

Otras preguntas

what's the major trade items traded on the triangular trade routes

Why did the United States follow a policy of isolationism after World War I?

I appreciate everyone that helps

The falange was the spanish a. communist party b. fascist party c. socialist party d. secret police France fell the Germany because a. it feared the Germa

What's the general rule of two integers that vary in sign

Which technique allowed people to grow crops on mountainsides? Select the best answer from the choices provided. resistance farming maize control terrace farmin

COMPLETE THE EXERCISE BELOW TO DECOMPOSE 930

a __ is a continuous range of a single feature such as wavelength

9. which of the following statements about connecting paragraphs is correct

President Hoover s overall plan to deal with the Great Depression was to ___________