The annual percentage yield on Monty's default or penalty rate equals to 42.58%.
<h3>What is the meaning of APY?</h3>
APY is an acronym for Annual percentage yield.
The percentage yield referred to the real rate of return that is earned on an investment after taking into account the effect of compounding interest.
Given that the Visa card has an original default or penalty rate of 36%, the annual percentage yield on Monty's default or penalty rate equals to 42.58%.
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Gossiping at the workplace is unprofessional because it is passing rumors about other employes or other people maybe even your boss.
Answer:
P = principal; r = annual interest rate; n = number of times interest is compounded per year; t = time in years
Explanation:
Given the formula P(1 + r)^nt,
P = principal; r = annual interest rate; n = number of times interest is compounded per year; t = time in years
Compound interest is defined as interest on a loan, deposit or investment that is calculated on the basis of the principal invested, deposited or borrowed and the accumulated interest from previous periods.
The type of marketing communication is <span>mobile marketing
</span><span>mobile marketing is a form of marketing that utilizes tablets, smartphones, or other similar devices in order to target their audiences.
they usually conducted this type of marketing through website, SMS, social media, emails, mms, etc.</span>
