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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

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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