Arnold’s credit card had an APR of 14.18% all of last year, and interest was compounded periodically throughout the year. Which

Question

3 years ago

6

of these statements accurately describes the effective interest rate of Arnold’s credit card last year?

2 answers:

slamgirl [31] · Answer 1 · 2021-11-10T13:33:40+03:00

8 0

Answer:

Where are the statements provided? I can help you once they are posted.

Step-by-step explanation:

ludmilkaskok [199] · Answer 2 · 2021-11-10T15:26:03+03:00

ludmilkaskok [199]3 years ago

7 0

Answer:

APEX - It was greater than 14.18% whether interest was compounded daily or monthly.

Step-by-step explanation: