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17. Finance Charge A major credit-card company has a finance charge of % per month on the outstanding indebtedness. (a) What is the nominal rate

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17. Finance Charge A major credit-card company has a finance charge of % per month on the outstanding indebtedness. (a) What is the nominal rate compounded monthly? (b) What is the effective rate? CREDIT CARD PI 220023 2ay 3295 VALID FROM - GOOD THRU

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