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yosie yosie
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A month ago
Your credit card has a quoted rate of 18.5% compounded daily. What is the effective annual rate? (Assume 360 days a year.)

▸ 66.60%

▸ 18.50%

▸ 51.39%

▸ 20.32%
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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bryrdanbryrdan
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A month ago
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yosie Author
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Smart ... Thanks!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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