Question
A department store has offered you a credit card that charges interest at 1.70% per month, compounded monthly. What is the nominal interest (annual percentage)
A department store has offered you a credit card that charges interest at 1.70% per month, compounded monthly. What is the nominal interest (annual percentage) rate for this credit card? What is the effective annual interest rate?
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Biology Science For Life With Physiology
Authors: Colleen Belk, Virginia Maier
6th Edition
0134555430, 978-0134555430
