Question
A bank quotes you an annual loan interest rate of 14%, daily compounding, on your credit card. If you charge $15,000 at the beginning of
A bank quotes you an annual loan interest rate of 14%, daily compounding, on your credit card. If you charge $15,000 at the beginning of the year, how much will you have to repay at the end of the year? Show formula.
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
