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4 You are paying an effective annual rate of 14.00 percent on your credit card. The interest is compounded monthly. What is the annual percentage

4 You are paying an effective annual rate of 14.00 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on your account? O 14.00 percent 11.66 percent 15.01 percent 12.30 percent 13.17 percent

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