xosammyjean xosammyjean

25-09-2016
Mathematics

contestada

Gretchen just got a new credit card that offers an introductory APR of 4.8% for the first 4 months and a standard APR of 15.6% thereafter. If interest is compounded monthly, what is the periodic interest rate during the first 4 months?

Respuesta :

mac1738 mac1738

01-08-2017

The answer will be 0.4%

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