question archive You are looking for credit cards
You are looking for credit cards
Subject:FinancePrice: Bought3
You are looking for credit cards.
You never want to pay more than 12.5% effective rate per year.
The card company offers two variations
2a. What would be the APR (Nominal rate per year) if the card compounds every quarter?
2b. What would be the APR (Nominal rate per year) if the card compounds monthly?
