Answered

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A credit card had an APR of 25.67% all of last year and compounded interest daily. What was the credit card's effective interest rate last year?

a
28.25%
b
29.25%
c
28.92%
d
27.32%

Sagot :

264718

Answer:

The answer is 29.25%.

Step-by-step explanation:
I think it is B
Hope this is right!!!
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