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OpenStudy (akineko):
help please <3 1)bart opened a credit card at the department store with a APR of 19.99% compounding monthly. What is the APY on this credit card? 2)Create a APR and calculate the cooasponding APY
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OpenStudy (dumbcow):
Use the following \[APY = (1+ \frac{APR}{n})^n - 1\] where n is num of compounding intervals. Monthly means n = 12
OpenStudy (mhchen):
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