× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
New Topic  
Memphic Memphic
wrote...
Posts: 728
Rep: 0 0
6 years ago
The effective annual rate for a credit card that charges a 19.9% APR compounded daily is closest to:
A) 18.15%
B) 19.9%
C) 22.0%
D) 24.2%
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 98 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
C
Explanation:  C) EAR = (1 + .199/365)365 - 1 = .220116
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1441 People Browsing
Related Images
  
 1097
  
 258
  
 436
Your Opinion
Do you believe in global warming?
Votes: 488