Question
What is the effective annual interest rate (EFF or EAR) on a 19.99% annual percentage rate Wells Fargo credit card which requires monthly payments (so
What is the effective annual interest rate (EFF or EAR) on a 19.99% annual percentage rate Wells Fargo credit card which requires monthly payments (so that m = 12)? Please round your answer to the 2nd decimal place after converting into percent terms.
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
