compound interest?

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cola company wants to add 1.5% to the effective rate of interest on its credit card. If is currently charges a nominal rate of 7.5% compounded daily, at what value should it set the new nominal rate?

2007-03-25 16:12:06 · 1 answers · asked by salofyna 2 in Business & Finance ➔ Other - Business & Finance

1 answers

here is a site the could help you . this calulator site has different calulators to compound interest.

2007-03-28 14:12:02 · answer #1 · answered by Wicked 7 · 0⤊ 0⤋