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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 16,25%, with interest paid monthly, what is the card's EFF\%? a. 17.27% b. 8.13% c. 16.25% d. 16.91% e. 17.52%

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