Question
A credit card company charges you an interest rate of 1.46% monthly (i.e., 1.46% per month on the card's outstanding balance). This rate is not
A credit card company charges you an interest rate of 1.46% monthly (i.e., 1.46% per month on the card's outstanding balance). This rate is not a per annum rate (i.e., not an APR) but a rate per month. The effective annual rate is _______. (Enter your answer as a percentage rounding to 100th of a percent, e.g., 12.34)
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Investing In Real Estate Private Equity
Authors: Sean Cook
1st Edition
1980587027, 978-1980587026
