Ask Question
29 April, 20:03

Credit card A offers an APR of 27.29%, compounded monthly, while credit card B offers an APR of 27.12%, compounded daily. All else being equal, which card offers the better deal for the consumer?

+5
Answers (2)
  1. 29 April, 21:23
    0
    Credit Card A, because its effective interest rate is about 0.16% less than that of credit card B. (Apex)
  2. 29 April, 23:19
    0
    Credit card A, because it's effective interest rate is about o. 16% less than that of credit card B.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Credit card A offers an APR of 27.29%, compounded monthly, while credit card B offers an APR of 27.12%, compounded daily. All else being ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers