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    Exam 22: Borrowing Models
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    A Credit Card Bill Shows a Daily Interest Rate of 0.062
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A Credit Card Bill Shows a Daily Interest Rate of 0.062

Question 54

Question 54

Multiple Choice

A credit card bill shows a daily interest rate of 0.062%. What is the EAR?


A) 25.39%
B) 27.18%
C) 28.12%
D) a different value

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