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3 years ago

10

Herman Opened a credit card at a department store with an APR of 24.45% compounded semiannually. What is the APY on his credit c

ard?
A) 48.90%
B) 12.13%
C) 33.63%
D) 25.94%

1 answer:

mash [69]3 years ago

5 0

Semiannually means two.
so add 24.45 + 24.45
the answer would be A) 48.90%

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