2. You find an advertisement for a credit card that will give you a credit limit of $10,000. It has a stated rate of 22%. However, when you read the fine print you see that this is and APR rato, compounded monthly. a Calculate the effective annual interest rate (EAR) for this credit card (2) APR:22%. May li+ 02?"-1 = 24,36 % 71.2436) 0000 2. If you immediately made a $10,000 cash withdrawal (maxed out your credit for e manta for five years, how much would you owo? (3) 10 000 AC 0.29 d 10,000 8000x0.24365 $12,180 $2,936 Fre 16,000f424367 24636 & 10,000 = AA-11 24 36 10.24369 AK 3,668.7782, 436 16000 (1236) = we 2.436 C. How much would you owe after five years if you repaid the minimum of $30 per month. (4) X -36 you repaid the minimum of