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TheJag18:
(Cash Versus Financing LC) A primary credit cardholder has a current APR of 19.99%. What is the monthly periodic interest rate, rounded to the nearest hundredth of a percent? 1.67% 0.17% 16.67% 19.99%
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TheJag18:
@phantomdex
Phantomdex:
The monthly periodic interest rate is 1.67%. We divide the Annual Percentage Rate by 12: = 19.99% รท 12 = 1.67%
TheJag18:
Awsome
TheJag18:
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