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A credit card company quotes you an APR of 18.90%. What is the actual rate of interest you are paying if interest is computed quarterly?

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A credit card company quotes you an APR of 18.90%. What is the actual rate of interest you are paying if interest is computed quarterly? A) 18.90% B) 19.21% C) 20.63% D) 20.28% E) 20.64%

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