A credit card bill shows a balance due of $750 with a minimum payment of $15 and a monthly interest rate of 1.62%. What is the EAR?
A) 17.28%
B) 18.72%
C) 19.44%
D) 21.26%

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The Answer of A credit card bill shows a balance due of $750 with a minimum payment of $15 and a monthly interest rate of 1.62%. What is the EAR?
A) 17.28%
B) 18.72%
C) 19.44%
D) 21.26%

A Credit Card Bill Shows a Balance Due of $750