Considering two ways of financing spring break vacation

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Reference no: EM131873845

You are considering two ways of financing a spring break vacation. You could put it on your credit? card, at 18% ?APR, compounded? monthly, or borrow the money from your? parents, who want an interest payment of 10% every six months. Which is the lower? rate? ?(Note: Be careful not to round any intermediate steps less than six decimal? places.)

Reference no: EM131873845

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