Question
Your credit card charges an APR of 16.17 percent and compounds interest on a daily basis using a 360 day year. What is the daily
Your credit card charges an APR of 16.17 percent and compounds interest on a daily basis using a 360 day year. What is the daily rate that will be stated on the credit card agreement?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
