You just got the Amazon credit card. The annual rate is 24.5% and interest compounds...
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You just got the Amazon credit card. The annual rate is 24.5% and interest compounds daily. What is the effective annual rate (EAR)? Convert to a percent round to 2 decimal places. 10 points QUESTION 8 You know that average returns on the stock market have ranged between about 8% and 12% per year in recent decades. So when someone on reddit claims that there is an investment that can give you a guaranteed average return of 9% per month, you did not believe them. What would be the annual percentage rate on the investment that the redditor describes? Answer as a percent
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