Question
A credit card account that charges interest at the rate of 1.25% per month would have an effective annual rate (EAR) of _______ and an
A credit card account that charges interest at the rate of 1.25% per month would have an effective annual rate (EAR) of _______ and an APR of _______.
Question 3 options:
a) 16.08%; 15.00%
b) 14.55%; 16.08%
c) 12.68%; 15.00%
d) 15.00%; 14.55%
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Personal Finance For Musicians
Authors: Bobby Borg
1st Edition
1538163306, 978-1538163306
