When will APR of a credit card be equal to its APY?

A.) When interest compounds daily

B.) When interest compounds monthly

C.) When interest compounds quarterly

D.) When interest compounds annually

Question

Jocelyn Cameron

26 September, 13:18

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Answers (1)

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Nico Nichols · Answer 1

C.) When interest compounds quarterly

When will APR of a credit card be equal to its APY?A.) When interest compounds dailyB.) When interest compounds monthlyC.) When interest compounds quarterlyD.) When interest compounds annually