You just signed up for a new credit card what is the, Financial Management

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You just signed up for a new credit card what is the

You just signed up for a new credit card. If interest is charged at a rate of 18.99% APR, compounded monthly.

a. What is the monthly interest rate?

b. What is the annual effective interest rate?

c. If your current balance is $2, 500 and you skip payments for two months, what would be the total balance two months from now?

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