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You are considering two ways of financing a spring break vacation. You could put it on...

You are considering two ways of financing a spring break vacation. You could put it on your credit​ card, at

17 %

​APR, compounded​ monthly, or borrow the money from your​ parents, who want an interest payment of

10 %

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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