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Question 3 1 pts Your Discover credit card has APR 12% per year. What eriodic return for each month? 1% 1.5% 1.25% 2% Question 4

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Question 3 1 pts Your Discover credit card has APR 12% per year. What eriodic return for each month? 1% 1.5% 1.25% 2% Question 4 1 pts What is the effective annual rate of 6.5 percent compounded quarterly? 6.66 percent 6.02 percent 6.29 percent 6.83 percent

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