A credit card issuer offers an APR of 13 64 and compounds interest daily Which...

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A credit card issuer offers an APR of 13 64 and compounds interest daily Which is it most likely to advertise its APR or its effective interest rate A Its APR because it s 0 97 less than its effective interest rate B Its APR because it s 0 97 greater than its effective interest rate C Its effective interest rate because it s 0 97 greater than its APR OD Its effective interest rate because it s 0 97 less than its APR

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