You are considering two ways of financing a spring break vacation. Yoo could put it on your credt card, at 14% APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 8% every six months. Which is the lower rate? (Note: Be careful not to round any intermediale steps less than six doomal places.) The effective annual rate tor your credicard is K. (Round to two decinal places)