SOLUTION: convert the following credit card rate to APR. Oregon, 1 3/4 per month

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Question 636135: convert the following credit card rate to APR. Oregon, 1 3/4 per month
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
convert the following credit card rate to APR. Oregon, 1 3/4 per month
1.75*12 = 21%
If it's compounded monthly, it's
(1.0175)^12 =~ 23.14%