Question
1. If your credit card carries a rate of 1.4% per month, what is its APR? (Your answer should be a % carried to 1
1. If your credit card carries a rate of 1.4% per month, what is its APR? (Your answer should be a % carried to 1 place.)
2. Your credit card carries an annual rate of 15% APR, and interest is due monthly. If you dont pay the minimum monthly amount, what is its EAR? (Your answer should be a % carried to 2 places.)
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
