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27 May, 16:58

Herman Opened a credit card at a department store with an APR of 24.45% compounded semiannually. What is the APY on his credit card?

A) 48.90%

B) 12.13%

C) 33.63%

D) 25.94%

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Answers (1)
  1. 27 May, 18:54
    0
    Semiannually means two.

    so add 24.45 + 24.45

    the answer would be A) 48.90%
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