Question: Question 7 View Policies Current Attempt in Progress A credit card offers financing at an APR of 24.0 percent, with monthly compounding on outstanding charges.

Question 7 View Policies Current Attempt in Progress A credit card offers financing at an APR of 24.0 percent, with monthly compounding on outstanding charges. What is the effective annual rate (EAR? (Round answer to 2 decimal places, e.g. 52.75%) Effective annual rate %

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