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You check your credit card balance, and notice that the interest rate is quoted as 17.2% APR. You also know that interest is compounded monthly.
You check your credit card balance, and notice that the interest rate is quoted as 17.2\% APR. You also know that interest is compounded monthly. What is the Effective Annual Rate on your credit card? Enter your answer as a percentage, rounded to two decimals, and without the percentage sign ('\%'). For example, if your answer is 0.123456, then it is equivalent to 12.35%, so you should enter 12.35 as the answer. Question 9 10 pts Assume that, starting next year, you make annual deposits of $662 into a savings account that pays 9% interest. How much will you have in your account after 5 years? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
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