A department store chain currently charges 18% compounded monthly on its credit card. To what amount should

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A department store chain currently charges 18% compounded monthly on its credit card. To what amount should it set the monthly compounded annual rate if it wants to add 2% to the effective interest rate?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:34 AM

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A department store chain currently charges 18% compounded monthly on its credit card. To what amount should

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Business Mathematics In Canada

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