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5) Jenny has a $5000 balance on her credit card that charges 18% interest annually, however, each month she gets her credit card bill and

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5) Jenny has a $5000 balance on her credit card that charges 18% interest annually, however, each month she gets her credit card bill and there is an interest charge. Why is this happening? I 6) John buys a corporate bond that pays 15%, pays interest twice per year, and matures in 20 years. How many compounding periods are there

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