Mathematics, 16.02.2022 02:40 myzirajackson39

A person charges $100 to a credit card with a 24% nominal annual interest rate. Assuming no other charges or payments are made, what is the balance on the card, in dollars, after 1 year if interest is calculated:

1. Annually: $

2. Every 6 months: $

3. Every 3 months: $

4. Monthly: $

5. Daily: $

Answers: 2

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A person charges $100 to a credit card with a 24% nominal annual interest rate. Assuming no other...