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Question 25 3 pts You just received an invitation to open a new credit card from a bank. The credit card has 25% annual percentage

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Question 25 3 pts You just received an invitation to open a new credit card from a bank. The credit card has 25% annual percentage rate (APR). But, from this class, you know the bank will compound the interest daily (365 days) on your balance. So, what is the effective annual rate (EAR) of this credit card? 28.39% 27.91% 28.07% 25.00% 29.35%

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