Which is the lower rate, You are considering two ways of

Which is the lower rate

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Reference no: EM13284142

You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 15%APR, compounded monthly, or borrow the money from your parents, who want an 8% interest payment every six months. Which is the lower rate?

Reference no: EM13284142

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