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You have a credit card with a nominal interest rate of 20.5%, and twelve (12) monthly payments per year. What is the effective annual interest
You have a credit card with a nominal interest rate of 20.5%, and twelve (12) monthly payments per year. What is the effective annual interest rate (EAR) on the credit card?
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The Economics Of Money Banking And Finance
Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
