If a credit card you are interested in has an APR of 24%, what would the Daily Periodic Rate (DPR) be? (express your answer as a percent) 0.24% O 0.000658% 2% O 0.0658%

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Q: You currently have a credit card with a balance of $450. If you have a credit limit of $2,000, what…

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Q: If your credit card balance is $650 and the interest rate is 12% APR, then the credit card interest…

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Q: thanks

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Q: The is the length of the loan. APR (your response) term interest rate

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Q: effective interest rate on a loan

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Q: If your credit card calculates interest based on 16.75% APR, compounded quarterly: (a) What are your…

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Q: )If your credit card calculates interest based on 17.35​% ​APR, compounded quarterly ​: a) What are…

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Q: How did it become 0.04768?

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Q: ts, which amounts to monthly compounding. What is the effective annual rate?   a. 24.23%

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Q: ery month. What is the APR?

A: APR is annual percentage rate of credit card which is charged based on monthly basis interest rate.

Q: If a credit card you are interested in has an APR of 24%, what would the Daily Periodic Rate (DPR)…

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Q: Please show work. Thank you

A: The future value is calculated as per time value equation

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A: Monthly payments = $100Interest rate = 6%Number of years = 11To evaluate: Ordinary annuity formula.

Q: effective interest rate

A: Formula: effective interest rate= [1+ interest rate/period)^ period]-1 *100

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A: Credit Card Amount = $5,000 Interest rate = 23%  Time duration = 4 years

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Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.