Interest rates

| June 2, 2016

Question
You have just applied for a credit card with the following term and condition: You are to pay 13.9% APR, compounded monthly.

a) Determine your monthly interest rate and the annual effective interest rate.
b) If your current balance is $3000 and you skip payments for 2 months, what would be the total b..

Order your essay today and save 30% with the discount code: ESSAYHELPOrder Now