If a credit card company is offering a loan at an interest rate of 1.55% p.m., what

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If a credit card company is offering a loan at an interest rate of 1.55% p.m., what effective interest rate should a bank offer to match this rate?

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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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If a credit card company is offering a loan at an interest rate of 1.55% p.m., what

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Mathematics Of Business And Finance

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