Question
Credit card issuers must print the annual percentage rate (APR) of their cards on monthly statements. If the APR of a card is 23%, and
Credit card issuers must print the annual percentage rate (APR) of their cards on monthly statements. If the APR of a card is 23%, and interest is paid monthly, what is the effective annual interest rate of that card?
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Listed Volatility And Variance Derivatives
Authors: Yves Hilpisch
1st Edition
1119167914, 978-1119167914
