Register

A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective rate?

A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective rate?
179k views
0 votes
A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective rate?

User Soju
by
8.1k points

1 Answer

3 votes

They are most likely to advertise the APR

User Cryptomanic
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!