1 - San Francisco State University

14. Credit card issuers must by law print their Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 7.30% monthly, what is the interest rate per month? a. 0.303%. b. 0.608%. c. 0.0608%. d. 0.309% . 15. What is the present value of the following cash flows at a discount rate of 12%? A) $101,221 . B) $200,000 . C ... ................
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