Question: You are considering financing a spring break vacation by putting it on your credit card, at 15% APR, compounded monthly, what is the associated EAR?

You are considering financing a spring break vacation by putting it

You are considering financing a spring break vacation by putting it on your credit card, at 15% APR, compounded monthly, what is the associated EAR? 14. a. 15.64 b. 16.64% C. 15.07% d. 16.07% e. 15%

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