Credit card company charges 1.5%/month for unpaid balance. Then the effective rate of interest per year is most nearly: 18% 19.5% 1.5% 15% No correct answer An Equipment costs $200,000 but need to be bought every 50 years at $150,000. This equipment has the salvage value of $50,000 at end of every 50 years. Use I = 9%, n = infinity. Its EUAC will be most nearly 19000 20000 18000 16000 17000 No correct