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PLEASE SHOW WORK 4. Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If

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PLEASE SHOW WORK

4. Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 27.1 percent with interest paid daily, what is the card's EAR (Effective Annual Rate)? 29.98 28.94 31.11 27.64

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