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Business, 23.10.2019 22:00 issaaamiaaa15

You are considering two ways of financing a spring break vacation. you could put it on your credit card, at 13 % apr, compounded monthly, or borrow the money from your parents, who want an interest payment of 7 % every six months. which is the lower rate?   (note: be careful not to round any intermediate steps less than six decimal places.)

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