Credit card statement-explain what this number means

Assignment Help Financial Management

Reference no: EM13885243

(Can use any bank statement or credit card statement)

1. Highlight APY (APR) at your bank statement, or credit card statement. Explain what this number means

2. Find current 30 years mortgage interest rate. Calculate APR, if mortgage payment is made monthly. Then calculate APR, if mortgage payment is made bi-weekly. Is it better off to make mortgage payment monthly or bi-weekly? Why?

Reference no: EM13885243

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