Test 1 37 points possible 9/20 answered Question 11 You have been approved for a credit card which charges interest at a rate of 19.99%. In order to pay the least amount of interest on an outstanding balance which compounding frequency should you choose? Note: for this question 1 year = 12 months, 1 year = 52 weeks, 1 year = 365 days (including leap years) bi-weekly = every two weeks; semi-monthly = two times (twice) per month O annually O monthly O quarterly Next Question Type here to search