Question
A credit card statement indicates an annual interest rate of 16.7% to be charged on a daily basis on any overdue balance. What is the
A credit card statement indicates an annual interest rate of 16.7% to be charged on a daily basis on any overdue balance. What is the daily interest rate for this credit card?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
