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Previous question (Calculating the effective annual rate) You've just received an of credit card? dit card with a quoted rate, or APR, of 13

Previous question (Calculating the effective annual rate) You've just received an of credit card? dit card with a quoted rate, or APR, of 13 percent compounded monthly. What's the EAR, or effective annual rate, on the What's the EAR, or effective annual rate, on the credit card? % (Round to two decimal places.)

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