Question
If you have a credit card that specifies interest as being calculated at a rate of 0.082% daily, compounded daily, with monthly payments, what is
If you have a credit card that specifies interest as being calculated at a rate of 0.082% daily, compounded daily, with monthly payments, what is the APR for the credit card?
Is the answer 29.52?
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The Compensation Committee Handbook
Authors: James F. Reda, Stewart Reifler, Michael L. Stevens
4th Edition
1118370619, 978-1118370612
