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Izzy just received a credit card offer in the mail. The credit card has an APR of 20.40%. What is the monthly interest rate that

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Izzy just received a credit card offer in the mail. The credit card has an APR of 20.40%. What is the monthly interest rate that will apply to any unpaid balances on this credit card? Assume 12 equal months. 1.02%. 1.70%. 20.40%. 2.04%

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