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Question 4 (1 point) Your credit card has an EAR of 18%. The interest is compounded on a monthly basis. What would the APR of the credit card be if interest was compounded on a quarterly basis? The APR would be 12% if interest is compounded on a quarterly basis The APR cannot be less than the EAR if compounded on a quarterly basis The APR would be 16.66% if the interest is compounded on a quarterly basis The APR would be 16.90% if the interest is compounded on a quarterly basis