A bank offered its clients a credit card which had a rate of 18.55% compounded daily. If

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A bank offered its clients a credit card which had a rate of 18.55% compounded daily. If it added 0.5% to the effective rate of interest on this card, what would be the nominal interest rate compounded monthly?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Aug 30, 2024 09:05 AM

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A bank offered its clients a credit card which had a rate of 18.55% compounded daily. If

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Mathematics Of Business And Finance

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