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A credit card is offering a rate of 5.25% APR compounded monthly. What is the effective annual rate (EAR) that they are charging? Enter rate

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A credit card is offering a rate of 5.25% APR compounded monthly. What is the effective annual rate (EAR) that they are charging? Enter rate in decimal form, rounded to the fourth digit, as in "0.1234" Question 5 3.33 pts A financial security will pay the holder a constant $300 per year, forever. What is the value of this security today if the next payment is one year from today, and the required return is 12% APR compounded annually? Enter answer in dollars, rounded to the nearest dollar

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