Mathematics, 23.05.2020 14:58 jordanmjdmary8898

A credit card had an APR of 15.98% all of last year, and compounded interest daily. What was the credit card's effective interest rate last year?

A.
16.96%

B.
16.62%

C.
17.20%

D.
17.32%

Answers: 1

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A credit card had an APR of 15.98% all of last year, and compounded interest daily. What was the cre...