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A department store has been charging 1.75% per month on its credit card. In response to lower prevailing interest rates, the Board of Directors has
A department store has been charging 1.75% per month on its credit card. In response to lower prevailing interest rates, the Board of Directors has agreed to reduce the cards effective interest rate by 4%. To the nearest 0.01%, what will be the new periodic rate (per month)? Submit a photo of your hand-written solution to D2L
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