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Your boss has asked you to select a good credit card for the sales team to use. You never want to pay more than
Your boss has asked you to select a good credit card for the sales team to use. You never want to pay more than 10.7% 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.?
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EAR1APRmm1 where mcompounding periods ...
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Excellence in Business Communication
Authors: John V. Thill, Courtland L. Bovee
9th edition
136103766, 978-0136103769
