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Exam # 1 Review Problems Chapters 2 ( Intro Slides ) , 5 , 6 and 9 7 . Elusive Credit Cards, Inc. charges a

Exam #

1

Review Problems

Chapters

2 (

Intro Slides

), 5, 6

and

9

7 .

Elusive Credit Cards, Inc. charges a daily rate of

0.06479

percent on its credit cards. What is the effective annual rate

(

EAR

)

for its cards? HOW TO COMPUTE IN BA

-

ll CALCULATOR USING ICONV

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