Question 1 Suppose a credit card loan has an 12.80% Annual percentage rate (APR) and pays daily payments. What is the e
Posted: Mon Jan 17, 2022 8:09 am
Question 1
Suppose a credit card loan has an 12.80% Annual percentage rate
(APR) and pays daily payments. What is the effective annual rate
(EAR) on the credit card loan? Please show each step of your
calculation.
Suppose a credit card loan has an 12.80% Annual percentage rate
(APR) and pays daily payments. What is the effective annual rate
(EAR) on the credit card loan? Please show each step of your
calculation.