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3 years ago

12

A credit card issuer charges an APR of 13.99%, and its billing cycle is 30 days long. What is its periodic interest rate?

2 answers:

gavmur [86]3 years ago

8 0

A credit card issuer charges an APR of 13.99%, and its billing cycle is 30 days long its periodic interest rate would be 1.15%. The correct answer between all the choices given is the second choice or letter B. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.

vladimir1956 [14]3 years ago

8 0

Answer:

1.15%

Step-by-step explanation:

apex

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