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Your credit card charges you an 18% nominal rate on any balance outstanding, with daily compounding. What effective annual rate (EFF%) are you being charged?
Your credit card charges you an 18% nominal rate on any balance outstanding, with daily compounding. What effective annual rate (EFF%) are you being charged?
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
