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Interest on James Taggart's credit card balances are compounded daily at an effect annual rate of ...
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Interest on James Taggart's credit card balances are compounded daily at an effect annual rate of ...
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
Edition:
4
th
Authors:
Berk, DeMarzo
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More solutions for this book are
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A
Explanation: A) APR = ( - 1) × 365 = .139006
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Brilliant
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this is exactly what I needed
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Smart ... Thanks!
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