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Question 15 2 points Your credit card company quotes you a lending rate of 18% APR. You compute the effective annual rate (EAR) under the

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Question 15 2 points Your credit card company quotes you a lending rate of 18% APR. You compute the effective annual rate (EAR) under the following four scenarios: annual compounding, semi-annual compounding, quarterly compounding, monthly compounding. Which scenario gives you the highest EAR? CA Semi-Annual R Annual oc Quarterly on Monthly

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