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Author Question: The Brick store credit card quotes a rate of 1.75% per month on the unpaid balance. Calculate the ... (Read 300 times)

karlynnae

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on: Jun 6, 2019

Question 1

Which is the most attractive of the following interest rates offered on a savings account?
◦ 2.66% compounded quarterly
◦ 2.7% compounded annually
◦ 2.64% compounded monthly
◦ 2.68% compounded semiannually
◦ All of them offer the same effective rate.

Question 2

The Brick store credit card quotes a rate of 1.75% per month on the unpaid balance. Calculate the effective rate of interest being charged.
◦ 51.64%
◦ 21%
◦ 10.97%
◦ 23.14%
◦ 9.85%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by karlynnae on Jun 6, 2019

nicoleclaire22

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karlynnae

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Reply #2 on: Jun 6, 2019
Excellent


nicoleclaire22

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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