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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 a. 15.00%;15.00%

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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 a. 15.00%;15.00% b. 15.00%;14.55% c. 14.55%;15.00% d. 15.00%;16.08% e. 16.08%;15.00%

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