Many people dont understand the amount of interest they are actually paying on their credit cards. What

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Many people don’t understand the amount of interest they are actually paying on their credit cards. What is the effective rate of interest corresponding to a credit card that is advertised at 2% per month?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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