Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
1. What is the purpose of APY? (1 point)
for borrowers to compare the rates between different loans
for investors to compare the interest rates between different investments
for borrowers to calculate the yearly interest
for investors to calculate the periodic interest rate
2. Danielle opens a credit card with an APR of 22.79% compounded monthly. How much is charged in interest this month if her balance is $1550? (1 point)
$353.25
$129.17
$29.44
$22.79
 one year ago
 one year ago
1. What is the purpose of APY? (1 point) for borrowers to compare the rates between different loans for investors to compare the interest rates between different investments for borrowers to calculate the yearly interest for investors to calculate the periodic interest rate 2. Danielle opens a credit card with an APR of 22.79% compounded monthly. How much is charged in interest this month if her balance is $1550? (1 point) $353.25 $129.17 $29.44 $22.79
 one year ago
 one year ago

This Question is Closed

kaylababyy94Best ResponseYou've already chosen the best response.0
Do you know the answer to the first one?
 one year ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.