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4) A decrease in the marginal tax rate Question 41 (5 points) Mary has a credit card with a 19.75% interest rate (APR). 17 days

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4) A decrease in the marginal tax rate Question 41 (5 points) Mary has a credit card with a 19.75% interest rate (APR). 17 days prior to her account payment date, she withdraws $500 from the card. What will be the amount she will owe on the payment date? (Hint: Credit card interest is based on daily compounding). Show the calculations used to answer this question. nirmahal

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