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American Express tells you that your new AMEX PLATINUM credit card was issued with a 15.50 % APR which is compounded every month. After taking

American Express tells you that your new AMEX PLATINUM credit card was issued with a 15.50 % APR which is compounded every month. After taking Fin 301, you know that based on that APR, the effective annual rate that you will be charged by American Express is

Multiple Choice 15.60% 16.42% 17.48% 16.54% 16.65%

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