What is the effective annual rate
Problem
Suppose your credit card issuer states that it charges a 22.75% nominal annual rate, but you must make monthly payments, which amounts to monthly compounding. What is the effective annual rate?
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Suppose your credit card issuer states that it charges a 22.75% nominal annual rate, but you must make monthly payments. What is the effective annual rate?
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Question: How many Performing Arts are there and how it influences the theater?
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