Mathematics, 16.02.2022 02:40 myzirajackson39
A person charges $100 to a credit card with a 24% nominal annual interest rate.
Assuming no other charges or payments are made, what is the balance on the card, in dollars, after 1 year if interest is calculated:
1. Annually: $
2. Every 6 months: $
3. Every 3 months: $
4. Monthly: $
5. Daily: $
Answers: 2
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A person charges $100 to a credit card with a 24% nominal annual interest rate.
Assuming no other...
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