A college student is offered a credit card at 18.638% compounded monthly. What are the APR and APY?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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A college student is offered a credit card at 18.638% compounded monthly. What are the APR and APY?

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