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5. Credit card issuers must by law print the Annua...

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5. Credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 18.00%, with interest paid monthly, what is the card's EFF%? a. 18.58% b. 19.56% c. 20.54% d. 21.57% e. 22.65%

 

Paper#3850 | Written in 18-Jul-2015

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