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Suppose your credit card issuer states that it charges a nominal annual rate but you must make monthly payments which amounts to monthly compounding What is the effective annual rate

Suppose your credit card issuer states that it charges a nominal annual rate but you must make monthly payments which amounts to monthly compounding What is the effective annual rate

Suppose your credit card issuer states that it charges a  nominal annual rate but you must make monthly payments which amounts to monthly compounding What is the effective annual rate

mahesh 15-Feb-2020

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