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You are looking for credit cards. You never want to pay more than 11.2% effective rate per year. The card company offers two variations 2a.
| You are looking for credit cards. | ||||||
| You never want to pay more than 11.2% effective rate per year. | ||||||
| The card company offers two variations | ||||||
| 2a. What would be the APR (Nominal rate per year) if the card compounds every 6 months? | ||||||
| 2b. What would be the APR (Nominal rate per year) if the card compounds weekly.? | ||||||
Can someone show in excel?
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