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What is the effective annual rate if your Blaze credit card charges you 11.29 percent compounded daily? ( Assume a 365-day year. ). Your other

What is the effective annual rate if your Blaze credit card charges you 11.29 percent compounded daily? (Assume a 365-day year.). Your other card, Dishide, offers you an effective rate of 12 percent. Which card will you choose to use if you carry a balance?

A) 11.95%, Dishide
B) 11.29%, Dishide
C) 11.95%, Blaze
D) 11.29%, Blaze
E) 12.01%, Blaze

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