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Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated

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Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 19.75%, with interest paid monthly, what is the card's EFF\%? a. 20.73% b. 21.26% c. 21.64% d. 19.75% e. 9.88%

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