Belk department store charges a daily rate of 001 percent


Belk Department Store charges a daily rate of 0.01 percent on its store credit cards. What interest rate is the company required by law to report to potential customers?

40.04 percent

35.98 percent

39.00 percent

36.50 percent

40.48 percent

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Financial Management: Belk department store charges a daily rate of 001 percent
Reference No:- TGS01161386

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