You have been approved for a credit card which charges interest at a rate of 19.99%, In order to pay the least amount of interest on an outstanding balance which compounding frequency should you choose? Note: for this question 1 year =12 months, 1 year =52 weeks, 1 year =365 days (including leap years) bi-weekly = every two weeks; semi-monthly = two times (twice) per month semi-monthly monthly daily You have been approved for a credit card which charges interest at a rate of 19.99%. In order to pay the least amount of interest on an outstanding balance which compounding frequency should you choose? Note: for this question 1 year =12 months, 1 year =52 weeks, 1 year =365 days (including leap years) bi-weekly = every two weeks; semi-monthly = two times (twice) per month semi-monthly monthly daily