Question 1 Suppose a credit card loan has an 12.80% Annual percentage rate (APR) and pays daily payments. What is the e

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Question 1 Suppose a credit card loan has an 12.80% Annual percentage rate (APR) and pays daily payments. What is the e

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Question 1
Suppose a credit card loan has an 12.80% Annual percentage rate
(APR) and pays daily payments. What is the effective annual rate
(EAR) on the credit card loan? Please show each step of your
calculation.
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