Question: Question 8 (3.3 points) If Tommy does not pay his credit card bill in full, he will have to pay a 14.00% annual percentage rate

Question 8 (3.3 points) If Tommy does not pay his credit card bill in full, he will have to pay a 14.00% annual percentage rate (APR), compounded daily, on his remaining balance. Given 365 days in one year, the APR would be equivalent to an effective annual rate (EAR) of OA) 17.35% OB) 15.02% OC) 16.18% OD) 14.79%

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