Question
A credit card company, No Mercy Inc., charges you an interest rate of 1.25% monthly. What would be the APR (Annual Percentage Rate) and EAR
A credit card company, No Mercy Inc., charges you an interest rate of 1.25% monthly. What would be the APR (Annual Percentage Rate) and EAR (Effective Annual Rate).
Another company, Pure Greedy Inc., charges you 15.50% compounded semi-annually. Which company should Victor choose and why?
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
