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A credit card offers financing at an APR of 18.0 percent, with monthly compounding on outstanding chargec. What is the eitective annual rate (EAR)? (Round

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A credit card offers financing at an APR of 18.0 percent, with monthly compounding on outstanding chargec. What is the eitective annual rate (EAR)? (Round answer to 2 decimal ploces, es. 52.75% ) Effective annual rate eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2

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