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At a rate of 6.5%, what is the future value of the following cash flow stream? The cash flows for years 0, 1, 2, 3

At a rate of 6.5%, what is the future value of the following cash flow stream? The cash flows for years 0, 1, 2, 3 and 4 are $0, $75, $225, $0, and $300, respectively.



You check your credit card balance, and notice that the interest rate is quoted as 20.8% APR. You also know that interest is compounded monthly. What is the Effective Annual Rate on your credit card?

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