FI 8300 - The monthly statement from your bank card shows
Question # 00499221
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Updated on: 03/11/2017 06:51 AM Due on: 03/11/2017
The monthly statement from your bank card shows that the annual rate of the interest is 21%. What is the effective annual rate (EAR) of interest you are being charged on your credit card ? Assume monthly compounding
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