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a. A Visa credit card issued through Chase Bank carries an interest rate of 1% per month on the unpaid balance. Calculate the effective rate

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a. A Visa credit card issued through Chase Bank carries an interest rate of 1% per month on the unpaid balance. Calculate the effective rate per semian- nual period b. If the card's interest rate is stated as 3.5% per quarter, find the effective semiannual and annual rates

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