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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?
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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
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They are most likely to advertise the APR

User Cryptomanic
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