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Back to Library QID: #20980

Solution for QID #20980: You are looking for credit cards. You never want to pay m | StudyHelpMe

Subject: Finance
Status: Made to Order
You are looking for credit cards. You never want to pay more than 12.5% effective rate per year. The card company offers two variations  2a. What would be the APR (Nominal rate per year) if the card compounds every quarter? 2b. What would be the APR (Nominal rate per year) if the card compounds monthly?
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