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Mathematics, 18.12.2020 09:40 dreamdancekay
Suppose you charge $1000 on a credit card that has an APR of 24% compounded daily.
a) How much will you owe if you make no payments for one year?
b) How much will you owe if you make no payments for 5 years?
bonus) What is the EAR for this account?
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Suppose you charge $1000 on a credit card that has an APR of 24% compounded daily.
a) How much will...
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