What is the nominal interest rate for this credit card

Reference no: EM13296776

A department store has offered you a credit card that charges interest at 1.65% per month compounded monthly. what is the nominal interest (annual percentage) rate for this credit card? what is the effective annual interest rate?..please show work

Reference no: EM13296776

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What is the nominal interest rate per year : what is the nominal interest rate per year? what is the effective interest rate per year?

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What is the nominal interest rate for this credit card : A department store has offered you a credit card that charges interest at 1.65% per month compounded monthly. what is the nominal interest (annual percentage) rate for this credit card? what is the effective annual interest rate?..please show work

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