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Emily just received a credit card offer in the mail. The credit card has an APR of 18%. What is the monthly interest rate that
Emily just received a credit card offer in the mail. The credit card has an APR of 18%. What is the monthly interest rate that will apply to any unpaid balance on this credit card? Assume 12 equal months.
| a. | 18% | |
| b. | 1.5% | |
| c. | 1.0% | |
| d. | 1.8% |
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Managerial Accounting An Introduction To Concepts Methods And Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson
7th Edition
