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Acredit card company charges 10.5% interest per year compounded monthly. What effective annual interest rate does the company charge A 945% B. 13.57% O.C. 11:5796

Acredit card company charges 10.5% interest per year compounded monthly. What effective annual interest rate does the company charge A 945% B. 13.57% O.C. 11:5796 D. 12.42%

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