1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valkas [14]
3 years ago
13

A credit card had an Apr of 12.87% all of last year and compounded interest daily. What was the credit card's effective interest

rate last year?
Business
1 answer:
alisha [4.7K]3 years ago
7 0

Answer:

13.73%

Explanation:

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding = 365

(1 + \frac{0.1287}{365} )^{365} - 1

(1.000353)^{365} - 1 = 0.1373 = 13.73%

You might be interested in
Is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technolog
11111nata11111 [884]

Outsourcing is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technology, and marketing can be moved outside the firm.

   The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.

   The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.

To learn more about outsourcing click here:

brainly.com/question/14202035

#SPJ4

5 0
10 months ago
A company issued 7%, 15-year bonds with a par value of $480,000 that pay interest semi-annually. The current market rate is 7%.
saul85 [17]
Im not 100% sure but i think the answer is B
7 0
2 years ago
What divides the system into a set of functional units that can be used independently or combined with other modules for increas
Aleksandr [31]
The modular design divides the system into a set of functional units that can be used independently or combined with other modules for increased business flexibility. <span>The system's components may be separated and recombined with the help of this design. The goal is better results (profit) and efficiency.</span>
5 0
3 years ago
After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals o
SOVA2 [1]

Answer:

This indicates that

d.the company has a net loss of $9,575 for the period.

Explanation:

a) Data and Calculations:

Total debits of the balance sheet (assets) = $28,480

Total credits of the balance sheet (liabilities + equity) = $38,055

Difference (net loss) = $9,575 ($38,055 - $28,480)

b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal.  This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.

5 0
3 years ago
Consider a market in which the government imposes a price floor. Assume that neither supply nor demand is perfectly elastic nor
Nikitich [7]

Answer:

C. No group will always gain from a price floor

Explanation:

8 0
3 years ago
Other questions:
  • Year after she assisted them in making changes to an employee incentive plan, kara, an od consultant, is visiting thomas enginee
    15·1 answer
  • Below are three independent and unrelated errors. On December 31, 2017, Wolfe-Bache Corporation failed to accrue office supplies
    13·1 answer
  • Which of the following things can help you get a lower interest rate when you receive a loan?
    7·1 answer
  • The city council wants suggestions for crime prevention techniques such as installing unbreakable glass on storefronts to presen
    9·1 answer
  • What is an Exclusive Contract with a Real Estate Agent?
    10·1 answer
  • Cost reduction is still the number one priority for many supply chain executives, according to the MHI and Deloitte survey. Sele
    14·1 answer
  • <img src="https://tex.z-dn.net/?f=%5Cmathbb%5Cpink%7Bwhat%5C%3Ais%5C%3Aescape%3F%5C%3ADefine%5C%3Ain%5C%3Asimple%5C%3Awords%7D"
    11·1 answer
  • Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
    15·2 answers
  • Idaho has a huge agricultural base. Discuss some of the top agricultural products produced right here in Idaho. You can focus on
    15·1 answer
  • stock x has a standard deviation of 21% per year and stock y has a standard deviation of 6% per year. the correlation between st
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!