Question
A credit card has a daily rate of 0.048 percent compounded daily (360 day year). What is the effective annual rate on the credit card?
A credit card has a daily rate of 0.048 percent compounded daily (360 day year). What is the effective annual rate on the credit card?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
