Mathematics, 08.04.2020 01:27, jamesleecy06

A credit card had an APR of 14.86% all of last year, and compounded interest
daily. What was the credit card's effective interest rate last year?
O
A. 16.02%
O
B. 15.41%
c. 15.71%
O
D. 15.92%
SUBMIT

Answers: 3

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A credit card had an APR of 14.86% all of last year, and compounded interest
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A credit card had an APR of 14.86% all of last year, and compounded interest daily. What was the credit card's effective interest rate last year? O A. 16.02% O B. 15.41% c. 15.71% O D. 15.92% SUBMIT

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A credit card had an APR of 14.86% all of last year, and compounded interest
daily. What was the credit card's effective interest rate last year?
O
A. 16.02%
O
B. 15.41%
c. 15.71%
O
D. 15.92%
SUBMIT