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Home Q & A Board Science-Related Homework Help Mathematics
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dove298 dove298
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3 months ago
Your credit card charges you 18% compounded monthly. You wish to add it to your bank loan and the bank says they quote loans on a semiannual compounded basis. What semiannually compounded rate would be equivalent to the credit card rate?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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neginakbarinneginakbarin
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18.70% compounded semiannually
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dove298 Author
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3 months ago
You make an excellent tutor!
bbbbbbbh
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Yesterday
Brilliant ツ
fxinternational
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2 hours ago
Thanks
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