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A credit card account that charges interest at the rate of 0.3125% per week would have an effective annual rate of and an APR of

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A credit card account that charges interest at the rate of 0.3125% per week would have an effective annual rate of and an APR of Select one: a. 17.62%; 16.25% b. 14.55%; 16.08% c. 16.25%; 14.55% d. 16.08%; 15.00%

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