You've just received an offer from a bank for a credit card with a quoted rate, or
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You've just received an offer from a bank for a credit card with a quoted rate, or APR, of 18 percent compounded monthly. What's the EAR, or effective annual rate, on the credit card?
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Related Book For
Foundations Of Finance
ISBN: 9780134083285
9th Edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
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