Question: Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) You just

Answer the question below. It is important that you show your

Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) You just received a credit card offer in the mail. The credit card has an APR of 22.99%, with the interest being calculated and charged on a monthly basis. What is the APY on this credit card? 5 points

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