Hamlet opened a credit card at a department store with an APR of 17.85% compounded quarterly. What is the APY on this credit card?
A.35.70%
B.23.65%
C.19.08%
D.4.46%

I did the whole steps with the equation but I got 92.89% so I am really confused

Question

Hamlet opened a credit card at a department store with an APR of 17.85% compounded quarterly. What is the APY on this credit card?
A.35.70%
B.23.65%
C.19.08%
D.4.46%

I did the whole steps with the equation but I got 92.89% so I am really confused

MAKEUP365 · Answer

I found the answer and it is 19.08 if anyone is struggling.

Elsa213 · Answer

Welcome to QuestionCove, sorry we could not answer your question.

MAKEUP365 · Answer

it's ok i Figured it out anyway i went through my notebook and looked at past notes and figured it out

Elsa213 · Answer

I'm glad you found the answer to your question. ^.^

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Elsa213 · Answer

The user you tag will receive a notification and will most likely help you. :3

MAKEUP365 · Answer

ok thank you