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89. You are paying an effective annual rate of 13.8 percent on your credit card. The interest is compounded monthly. What is the annual percentage

89. You are paying an effective annual rate of 13.8 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on your account? 11.50 percent 12.00 percent 13.00 percent 13.80 percent 14.71 percent 99.0.65

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