Your credit card company quotes a lending rate of 18% APR. How much is the periodic rate

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Your credit card company quotes a lending rate of 18% APR. How much is the periodic rate if the company compounds monthly?

Posted Date: May 15, 2024 01:49 PM

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Your credit card company quotes a lending rate of 18% APR. How much is the periodic rate

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To calculate the periodic rate if the credit card company compounds monthly we need to divide ... View the full answer

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