Mathematics, 23.11.2019 18:31 macycj8
Madeline's credit card had an apr of 18.96% all of last year, and interest was compounded periodically throughout the year. which of these statements accurately describes the effective interest rate of madeline's credit card last year?
a. it was less than 18.96% whether interest was compounded daily or monthly.
b. it was greater than 18.96% whether interest was compounded daily or monthly.
c. it was greater than 18.96% if interest was compounded daily but not if interest was compounded monthly.
d. it was less than 18.96% if interest was compounded daily but not if interest was compounded monthly.
Answers: 1
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Madeline's credit card had an apr of 18.96% all of last year, and interest was compounded periodical...
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