Question
You get a new credit card from your bank. The document that comes with the card informs you that the interest rate on the card
You get a new credit card from your bank. The document that comes with the card informs you that the interest rate on the card is 23.4% APR with monthly compounding. What is the effective annual rate you'll actually be paying?
Enter your answer as a percentage, rounded to 2 decimals.
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
