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03.08 Debt Practice Test
MASOODLF-FINANCIAL APPLICATIONS I-JOHN, A (TEACHER MASTER) / Debt
Joseph
Kisting
3 Expert Card has an APR of 23.4% compounded monthly. Passport has a daily periodic interest rate of 0.0375%. Explore has a monthly periodic interest rate of 1.95%. Which
card has the higher APR? (2 points)
O Expert Card
O Passport
Explore
Expert Card and Explore are equally high