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Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) You just

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Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) You just received a credit card offer in the mail. The credit card has an APR of 22.99%, with the interest being calculated and charged on a monthly basis. What is the APY on this credit card? 5 points

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