Question
Master Card and other credit card issuers must, by law, print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated
Master Card and other credit card issuers must, by law, print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 22.25%, with interest paid monthly, what is the card's EFF%?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
