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What is the Effective Annual Rate (EAR) on a credit card that has an APR of 19.75%, with monthly payments? a. 25.28% b. 22.84% c.
What is the Effective Annual Rate (EAR) on a credit card that has an APR of 19.75%, with monthly payments?
| a. | 25.28% | |
| b. | 22.84% | |
| c. | 26.10% | |
| d. | 21.64% | |
| e. | 30.33% |
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
