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Hi please help!
Harold opened a credit card at a department store with an APR of 14.55% compounded monthly. What is the APY on this credit card?
15.56%
29.10%
1.21%
18.93%
Danielle
Dec 4, 2012
1
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Answers
#1
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Hey Danielle, I am literally confuse about solution..
How can you calculate Period Rate 14.55%/12 ? Its yearly rate?
Ranjela4
Sep 14, 2013
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