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As a College Student, You Probably Receive Many Credit Card

question 92

Multiple Choice

As a college student, you probably receive many credit card offers in the mail. Consider these two offers. The first card charges a 17 percent APR. An examination of the footnotes reveals that this card compounds monthly. The second credit card charges 16.25 percent APR and compounds weekly. What is the effective annual rate of the cheaper card?


Definitions:

Brokering

The act of mediating or negotiating between different parties to facilitate an agreement, transaction, or provision of services.

Linking

Linking in social work refers to the process of connecting clients with resources, services, or networks that can assist them in meeting their needs.

Client Systems

Client systems refer to the individuals, families, groups, organizations, or communities that are the focus of professional intervention or service provision.

Client Capacities

The abilities, strengths, and resources that clients bring to the therapeutic or service delivery process.

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