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Memphic Memphic
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5 years ago
Interest on James Taggart's credit card balances are compounded daily at an effect annual rate of 14.91%. The APR on his credit card is closest to:
A) 13.90%
B) 13.95%
C) 14.91%
D) 16.08%
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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pbrown223pbrown223
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#1
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5 years ago
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More solutions for this book are available here
A
Explanation:  A) APR = (  - 1) × 365 = .139006
1

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Memphic Author
wrote...

5 years ago
Brilliant ツ
hpascoe
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Yesterday
this is exactly what I needed
jamiebonf99
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2 hours ago
Smart ... Thanks!
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