Ask your own question, for FREE!
Finance 18 Online
OpenStudy (anonymous):

A credit card issuer charges an APR of 13.99%, and its billing cycle is 30 days long. What is its periodic interest rate?

OpenStudy (anonymous):

APR divided by the number of periods

OpenStudy (anonymous):

so it would be 0.1399 * 2 I think

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!