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19.a Credit card issuers must by law print their Annual Percentage Rate (APR) on their...

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Accounting

19.a Credit card issuers must by law print their Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 15%, with interest paid monthly, the EAR(%) on this card is ( )%.

19.b Credit card issuers must by law print their Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 20%, with interest paid monthly, the EAR(%) on this card is ( )%.

(please hand write solution no Excel need to see all steps)

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