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After reading the fine print in your credit card agreement, you find that the %u201Clow%u201D interest rate is actually an 18% APR, or 1.5% per

After reading the fine print in your credit card agreement, you find that the %u201Clow%u201D interest rate is actually an 18% APR, or 1.5% per month. Now, to make you feel even worse, calculate the effective annual interest rate

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