Arnold’s credit card had an APR of 14.18% all of last year, and interest was compounded periodically throughout the year. Which
of these statements accurately describes the effective interest rate of Arnold’s credit card last year?
2 answers:
Answer:
Where are the statements provided? I can help you once they are posted.
Step-by-step explanation:
Answer:
APEX - It was greater than 14.18% whether interest was compounded daily or monthly.
Step-by-step explanation:
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19
Step-by-step explanation:
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