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1..Your credit card charges a 19% APR compounded daily. What is the effective interest rate? (Please give at least 4 digits in your answer) 2..

1..Your credit card charges a 19% APR compounded daily. What is the effective interest rate? (Please give at least 4 digits in your answer)

2.. Find the future value of the following cash flow

$1 in 4 years at 5%

(Round to the nearest cent and do not enter the dollar sign)

3.. You have the opportunity to receive $300 in one year. If you can earn 6% interest on your investments over the year, what is the most you should you pay for this opportunity?

(Round to the nearest cent and do not enter the dollar sign)

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