(Q13 IN TYPE B) A CREDIT CARD ACCOUNT THAT CHARGES INTEREST AT THE...
8. (Q13 in Type B) A credit card account that charges interest at the rate of 1.25% per month would have an annually compounded rate of _______ and an APR of _______. A) 16.08%; 15.00% B) 14.55%; 16.08% C) 12.68%; 15.00% D) 15.00%; 14.55% Solution A. (1+.0125)
12
– 1 = 16.08%; 1.25%x12 = 15%Bạn đang xem 8. - EXAM SOLUTION 7 FUNDAMENTALS OF CORPORATE FINANCE, 4TH EDITION BREALEY
