No cash flow diagram required. If you have a credit card with terms that state the interest rate is 0.5% weekly, compounded weekly, with monthly payments. What is the APR for the credit card? What is the effective annual interest rate? What is the effective monthly interest rate? If you have a balance of $2000 owing on the credit card and skip payments for 2 months, what will the balance be at the end of the 2 months assuming you make no more purchases