Exam I (Ch 4, 5, 6 & 7) Time Remaining: 164 mi | Back to Assignment Deadline Today at 03.55 AM Attempts: Score: 1 13. Chapter b Multiple Choice 04-142, Section b Multiple Choice 01-142, Problem b Multiple Choice 04-142 Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make monthly payments, which amounts to monthly compounding. What is the effective annual rate? a. 16.88% @b. 18.61% c. 16.08% @d. 15.27% . 17.72% Continue without saving Copyright Notices of Use Privacy Notice Security Notice 12 AM O Type here to search 129201