zipplock4088 zipplock4088
  • 25-01-2024
  • Business
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Your monthly statement from your bank credit card shows that the monthly rate of interest is 1.5%. What is the annual effective rate of interest you are being charged on your credit card?
a. 18.00%
b. 18.64%
c. 19.56%
d. 29.74%

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