You are paying an effective annual rate of 18.974 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on this account?
|
91.
|
What is the effective annual rate if a bank charges you 8.25 percent compounded quarterly?
|
92.
|
Your credit card company quotes you a rate of 17.9 percent. Interest is billed monthly. What is the actual rate of interest you are paying?
|
93.
|
The Pawn Shop loans money at an annual rate of 23 percent and compounds interest weekly. What is the actual rate being charged on these loans?
|
No comments:
Post a Comment