Arnold’s credit card had an APR of 14.18% all of last year, and interest was compounded periodically throughout the year. Which of these statements accurately describes the effective interest rate of Arnold’s

asked Jun 5, 2019 166k views

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3 votes

Answer:

Where are the statements provided? I can help you once they are posted.

Explanation:

Alex Podworny answered Jun 8, 2019

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3 votes

Answer:

APEX - It was greater than 14.18% whether interest was compounded daily or monthly.

Explanation:

Clive answered Jun 11, 2019

by Clive

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