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A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective rate?

A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective rate?
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A credit card issuer offers an APR of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or its effective rate?

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User Soju
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1 Answer

3 votes

They are most likely to advertise the APR

answered
User Cryptomanic
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8.5k points
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