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A credit card had an APR of 30.58% all of last year and compounded interest daily. What was the credit card's effective interest rate last year?A. 35.75%B. 34.27%C. 32.92%D. 35.25%
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A credit card had an APR of 30.58% all of last year and compounded interest daily. What was the credit card's effective interest rate last year?A. 35.75%B. 34.27%C. 32.92%D. 35.25%

User Greg Haygood
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2 Answers

3 votes

Answer:

the apex answer is A.35.75%

Explanation:

User Isam
by
7.9k points
2 votes
The answer is A.35.75%
User David Sulpy
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