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39. Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is

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39. Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 15.25%, with interest paid monthly, what is the card's EFF\%? a. 16.36% b. 12.76% c. 16.85% d. 15.22% e. 13.42%

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