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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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