2 Points
Roscoe's credit card has an APR of 13.59%, and it just changed its
compounding perio...
Mathematics, 14.06.2020 03:57 sawyerfauver
2 Points
Roscoe's credit card has an APR of 13.59%, and it just changed its
compounding period from daily to monthly. What will happen to the effective
interest rate charged to Roscoe?
A. It will decrease by about 0.8%.
B. It will increase by about 0.8%.
C. It will increase by about 0.08%.
O D. It will decrease by about 0.08%.
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Answers: 1
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