Answer Happy • Question 1 If a credit card pays 5% interest compounded quarterly, what is the effective annual interest rate? O a. 5% O

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Question 1 If a credit card pays 5% interest compounded quarterly, what is the effective annual interest rate? O a. 5% O

Posted: Mon Apr 25, 2022 8:21 am

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: Question 1 If A Credit Card Pays 5 Interest Compounded Quarterly What Is The Effective Annual Interest Rate O A 5 O 1 (21.02 KiB) Viewed 17 times

Question 1 If a credit card pays 5% interest compounded quarterly, what is the effective annual interest rate? O a. 5% O b.5.4% c. 5.09% O d. 6%