Mathematics, 25.05.2020 23:57 nathaniel12
American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 7.75%, with interest paid monthly, what is the card's EFF%?
Select the correct answer.
a. 8.03%
b. 12.03%
c. 4.03%
d. 6.03%
e. 2.03%
Answers: 3
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American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on...
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