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You've just received an offer from a bank for a credit card with a quoted rate, or APR, of 15 percent compounded semiannually. What's the
You've just received an offer from a bank for a credit card with a quoted rate, or APR, of
15
percent compounded
semiannually.
What's the EAR, or effective annual rate, on the credit card?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
