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Consider the following three credit card offers:

Amplex, which has 34% APR compounded annually

Flisa, which has a 33% APR compounded every four months

Schmeister Card, which has a 32.5% APR compounded every two weeks?

Find the APY for each credit card, and decide which card offers the best deal for the customer. When you compute the APY for each card, round your answer to the nearest hundredth of a percent to be sure that you are making accurate enough comparisons.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92403322

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