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4 You are paying an effective annual rate of 15.90 percent on your credit card. The interest is compounded monthly. What is the annual percentage

4 You are paying an effective annual rate of 15.90 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on your account? 14.11 percent O 14.85 percent 13.14 percent O 15.90 percent 18.59 percent

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