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American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly itatements if the APR is stated

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American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly itatements if the APR is stated to be 23.25\%, with interest paid monthly, what is the card's EFF\%? Select the correct answer. a. 25.89% b. 34.89% c. 28.89% d. 19.89% e. 31.89%

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