A what are you monthly interest rate and annual effective


if your credit card calculates interest based on 13.90 APR, compounded monthly,

(A) What are you monthly interest rate and annual effective interest rate ?

(B) if your current outstanding balance is 3,000 and you skip payments for two months, what would be the total balance two months from now?

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Econometrics: A what are you monthly interest rate and annual effective
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