Question
A credit card offers an APR of 22%.If the actual interest is compounded monthly,what is the credit card's EAR?Submit your answer as a percentage and
A credit card offers an APR of 22%.If the actual interest is compounded monthly,what is the credit card's EAR?Submit your answer as a percentage and round to two decimal places (Ex.0.00%).
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
