The advertised APR on a credit card is 12%. Suppose you charge $650 on your credit card by withdrawing cash from an ATM (this means that interest is charged from the first day). Suppose there are no other fees and, as is typical for credit cards, interest is compounded daily. If you make no other charges for the next 2 years (730 days) and you do not pay back the $650 you charged, how much do you owe at the end of the 2 years? $900.55 $826.28 $728.00 $815.36 $977.66