Your credit card company charges you 1.04 percent per month. What is the annual percentage rate on your account? a. 10.13 percent b. 12.48 percent c. 9.92 percent d. 10.96 percent e. 12.78 percent
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- Your credit card company charges you 2.33 percent per month. What is the APR on your credit card? Enter your answer as a percentage rounded off to two decimal places. Do not enter % in the answer box.Suppose you deposit $4,000 into a savings account that earns 5.4% APR compounded monthly. Find the APY of the savings account. Round the percent to two decimals.Suppose Eli deposits $1,000 into a savings account. The savings account earns4.2% compounded monthly. Find the APY for the account. Round the percent to two decimals.
- If the APR (annual percentage rate) of your Wells Fargo credit card is stated to be 19.32%, with interest paid monthly, what is the card's EFF % (i.e., effective annual rate)? - 22.42% 21.13% 24.01% -23.69%A commercial bank offers you a credit card with an annual percentage rate APR = 9%, compounding monthly. What’s the credit card’s nominal annual rate?Blake Hamilton has money in a savings account that earns an interest rate of 6.5% monthly. What is the effective rate of interest on Blake's savings. Select the correct response: 6.53% 6.697% O 7.2% 7%
- If your credit card balance is $650 and the interest rate is 12% APR, then the credit card interest charge is Group of answer choices A.$0.65 B.$65 C.$8.25 D.$6.50A bank offers a Certificate of Deposit (CD) at a rate of 6% compounded monthly. Another bank offers 5.90% compounded daily. Which rate is better for the investor?If Inez is charged an interest of $357.76 on a loan of $18946 for 2 months, calculate the rate of interest charged on the loan. (Calculate to two decimals and enter without the percent sign, eg 1.23% = 1.23 or 12.34% = 12.34) Answer:
- A credit card has a $910 balance and a 19.19% annual percentage rate. The minimum required monthly payment is 2.65% of the balance. Estimate the credit card balance after 41 payments.A bank quotes you a nominal interest rate of 12%, compounded monthly, on a savings account. What is the effective annual rate? %whats the answer to number 1?