31). If your credit card calculates the interest based on 19.5% APR, what is the annual effective interest rate?

a. 22.36%

b. 21.34%

c. 1.458%

d. 1.467%

32). you have a kid his age is 5 years old. You as parents would like to have $75000 after 15 years in this kid account. If this account pays 5.6% paid twice a year. How much as parents would you be able to deposit every 6 months.

a. 98,9876

b. 1,798,30

c. 1,700.87

d. 1,628.19