Question
You just received your new NotSoBigBox credit card. Your effective annual rate of interest on the card is 24.33%. Interest is being compounded on a
You just received your new NotSoBigBox credit card. Your effective annual rate of interest on the card is 24.33%. Interest is being compounded on a monthly basis. Based on this data, what is the Annual Percentage Rate or the APR? Round your answer to the nearest 2 decimal places. a. APR = 24.33% b. APR = 22.97% c. APR = 21.97% d. APR = 18.75%
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
