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A credit company advertises an attractive rate. The annual percentage rate (APR) on the card is 24.99%, compounded quarterly. Calculate the effective annual rate you

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A credit company advertises an attractive rate. The annual percentage rate (APR) on the card is 24.99\%, compounded quarterly. Calculate the effective annual rate you would actually pay on this card. 28.38%28.06%28.31%27.43%

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