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A credit card had an APR of 21.99% which is compounded daily. If you spend 10,000 using this credit card. How much will you have
A credit card had an APR of 21.99% which is compounded daily. If you spend 10,000 using this credit card. How much will you have to pay in 1 year to settle your account. How much interest rate would you have effectively paid?
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