You receive a credit card offer with terms of 429 interest, Financial Management

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You receive a credit card offer with terms of 429 interest

You receive a credit card offer with terms of 4.29% interest. When you read the fine print, however, you see that the interest is not the annual percentage rate (APR), but the amount being charged every quarter. What is the APR (also known as the nominal interest rate)?

Enter your answer as the percentage rate (without the percentage sign). For example, if you calculate 12.34%, enter it as 12.34

Round your answer to two decimal places. Do not use a percentage ("%") sign.

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Financial Management: You receive a credit card offer with terms of 429 interest

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