A credit card company advertises an APR of 15.3%, compounded daily. What
is the effective interest rate? Round your answer to two decimal places.
O A. 15.76%
O B. 16.53%
O c. 15,50%
O D. 16.47%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A credit card company advertises an APR of 15.3%, compounded daily. What is the effective interest rate? Round your answer to two decimal ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Bernadette wants to set aside some money, but she wants to have easy access to it without penalty. She is not worried about earning a large amount of interest. Which of the following investments best suits her needs? a. Certificate of deposit b.
Answers (1)
A company purchased a machine for $140,000 with a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 80,000 units over its useful life. In the first year, 17,000 units were produced.
Answers (1)
A local farmer grows and sells tomatoes and beans to the local grocers. look at the farmer's business as a system. in which category do the tomatoes, beans, squash, profits, and losses fall?
Answers (1)
Valentino is a patient in a nursing home for 45 days of 2017. while in the nursing home, he incurs total costs of $13,500. medicare pays $8,000 of the costs.
Answers (1)
What should food handlers do to keep pests out of their kitchen?
Answers (1)
New Questions in Business
If a manager increases the system utilization standard (assuming no change in the customer arrival rate) what happens to the average customer time in the system? A. It increases exponentially. B. It increases proportionally. C.
Answers (1)
Let a be the event that a student is enrolled in an accounting course, and let s be the event that a student is enrolled in a statistics course.
Answers (1)
Blaser Corporation had $1,075,000 in invested assets, sales of $1,243,000, income from operations amounting to $216,000 and a desired minimum rate of return of 13%. The rate of return on investment for Blaser Corporation is
Answers (2)
Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,580. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
Answers (1)
Which of the following is one of the main things to consider when evaluating a business opportunity?
Answers (1)