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If your credit card calculates interest based on 17.55percentagee APR, compounded quarterly: (a) What are your quarterly interest rate and annual effective interest rate? (b)

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If your credit card calculates interest based on 17.55percentagee APR, compounded quarterly: (a) What are your quarterly interest rate and annual effective interest rate? (b) If your current outstanding balance is dollar3,000 and you skip payments for three quarters, what would be the total balance three quarters from now

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