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What would be the APR

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Reference no: EM132927873

Problem - You are looking for credit cards. You never want to pay more than 11.2% effective rate per year. The card company offers two variations.

a. What would be the APR (Nominal rate per year) if the card compounds every 6 months?

b. What would be the APR (Nominal rate per year) if the card compounds weekly?

Reference no: EM132927873

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