Question: Please answer question 2, 3 and 4. 2. If your credit card chrries a rate of 1.3% per month, what is its APR? (Your answer

Please answer question 2, 3 and 4.

2. If your credit card chrries a rate of 1.3% per month, what is its APR? (Your answer should be a % carried to 1 place.) 3. Your credit card carries an annual rate of 18% APR, and interest is due monthly. If you don't pay the minimum monthly amount, what is its EAR? (Your answer should be a % carried to 2 places.) 4. You invest in a 30-year US Treasury bond that pays interest of 2.8% per year. If inflation is 2.0% per year, what is: a. The exact, real interest rate (Your answer should be a % carried to 3 places), and b. The approximate real interest rate? (Answer is a % carried to 1 place)

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