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2. A bank is offering you a credit card with an APR of 13.9 percent, compounded monthly. What is the effective annual rate? a. 14.46

2. A bank is offering you a credit card with an APR of 13.9 percent, compounded monthly. What is the effective annual rate? a. 14.46 percent b. 14.82 percent c. 15.11 percent d. 15.29 percent

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