Question: Question Completion Status: 1 2 5 6 7 8 10 11 12 14 16 Save and Submit Click Submit to complete this assessment. Question 16

Question Completion Status: 1 2 5 6 7 8 10 11 12 14 16 Save and Submit Click Submit to complete this assessment. Question 16 of 1 Question 16 3 points Save Answer If the APR on a credit card is 25% with interest charged quarterly, then what is the effective annual rate (EARY? Use percent expression and round your answer to 2 decimal places. For example, you calculate the answer as 0.12345, enter 1235 Click Submit to complete this assessment Question 16 of 10 Save and submi 133P

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