A credit card issuer offers an APR of 13 64 and compounds

Last updated: 1/21/2024

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