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A credit card company charges you an interest rate of 1.25% monthly. The annual percentage rate is and the effective annual rate is Multiple Choice

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A credit card company charges you an interest rate of 1.25% monthly. The annual percentage rate is and the effective annual rate is Multiple Choice 15.00%; 14.55% 15.00%; 16.08% (0) O 15.00%; 15.00% O 14.55%; 15.00% 16.08%; 15.00%

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