A credit card had an APR of 14.86% all of last year, and compounded interest daily. What was the credit card's effective interest rate last year? A. 15.92% B. 16.02% C. 15.41% D. 15.71% - QAmmunity.org

A credit card had an APR of 14.86% all of last year, and compounded interest daily. What was the credit card's effective interest rate last year? A. 15.92% B. 16.02% C. 15.41% D. 15.71%

asked Mar 5, 2021 41.4k views

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