A credit card states that the apr is 2149 with daily, Financial Management

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A credit card states that the apr is 2149 with daily

1. A credit card states that the APR is 21.49% with daily compounding. What is the periodic interest rate?

0.06%

23.74%

None of these

1.79%

23.97%

2. Which of the following is NOT an example of a perpetuity?

Mortgage

Trust fund

Corporate profits

Land value

All of the above are perpetuities

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Financial Management: A credit card states that the apr is 2149 with daily

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