1 and 3 I believe sorry if it’s incorrect
Answer:
im assuming its daily
Step-by-step explanation:
If you have a credit card with a 24% APR, that's the rate you're charged over 12 months, which comes out to 2% per month. Since months vary in length, credit cards break down APR even further into a daily periodic rate (DPR). It's the APR divided by 365, which would be 0.065% per day for a card with 24% APR. Hope this helps. :D
9514 1404 393
Answer:
4254.31
Step-by-step explanation:
The compound interest multiplier is ...
m = (1 +r/n)^(nt) . . . . annual rate r compounded n times per year, t years
For 11% compounded quarterly for 18 years, the multiplier is ...
m = (1 +0.11/4)^(4·18) = 1.0275^72 ≈ 7.0516671
If 30,000 is the future value, then the present value is ...
PV = FV/m = 30,000/7.0516671
PV ≈ 4254.31