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Arnold’s credit card had an APR of 14.18% all of last year, and interest was compounded periodically throughout the year. Which of these statements accurately describes the effective interest rate of Arnold’s credit card last year?

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meganshumaker20

Answer:

Where are the statements provided? I can help you once they are posted.

Step-by-step explanation:


zsantillan13

Answer:

APEX - It was greater than 14.18% whether interest was compounded daily or monthly.

Step-by-step explanation:

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