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5. A credit card company quotes you an annual percentage rate (APR) of 0% compounded monthly what is the effective annual rate of interest? A.

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5. A credit card company quotes you an annual percentage rate (APR) of 0% compounded monthly what is the effective annual rate of interest? A. 18.33% B. 14.42% C. 12.00% D. 10.83% E. 10.47%

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