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Belk Department Store charges a daily rate of 0.01 percent on its store credit cards. What interest rate is the company required by law to
Belk Department Store charges a daily rate of 0.01 percent on its store credit cards. What interest rate is the company required by law to report to potential customers?
40.04 percent
35.98 percent
39.00 percent
36.50 percent
40.48 percent
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