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    Corporate Finance
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    Exam 5: Interest Rates
  5. Question
    Interest on James Taggart's Credit Card Balances Are Compounded Daily
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Interest on James Taggart's Credit Card Balances Are Compounded Daily

Question 13

Question 13

Multiple Choice

Interest on James Taggart's credit card balances are compounded daily at an effect annual rate of 14.91%.The APR on his credit card is closest to:


A) 13.90%.
B) 13.95%.
C) 14.91%.
D) 16.08%.

Correct Answer:

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