0 You are considering two ways of financing a spring break vacation. You could put it on your credit card at 16% APR compounded monthly, or borrow the money from your parents who want an interest payment of 7% every six months. Which is the lower rate? (Note: Be careful not to round any intermediate stops loss than six decimal places.) The effective annual rate for your credit card is % (Round to two decimal places) The effective annual rate for the loan from your parents is N% (Round to two decimal places) (Select from drop down menu) The option with the lower effective annual rate is ng the loan from your parents your credit card M SO d (5) w 523.6. Fale Enter your answer in each of the answer boxes ENG Desktop BI 53