Question: This Question: 2 pts 43 of 7 complete This Eats POSSID Question Help You to considering two ways of financing a spring break vacation. You

This Question: 2 pts 43 of 7 complete This Eats POSSID Question Help You to considering two ways of financing a spring break vacation. You could put it on your credit card, at 14% APR compounded monthly, or borrow the money from your parents who want an interest payment of every six months. Which is the lower rate? (Note: Be careful not to round any intermediate oploss than six decimal places) The effective multe for your credit card is und to be decimal places) The efective trudate for the loan from your parents to and to two decimale) The option with the lower effective annual reis the loan ton your parents Enter your answer in each of the answers

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