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The following options are interest rates associated with two credit cards. Assuming monthly payments are made, calculate the effective monthly interest rates associated with each.
The following options are interest rates associated with two credit cards. Assuming monthly payments are made, calculate the effective monthly interest rates associated with each. Which is the better option, from the borrower's perspective? 2. Option 1-LPR-2096, weekly compounding Option 2-APR-1996, daily compounding
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