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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 17.50% with interest paid monthly, what is the card's EFFX? a. 18.97% b. 18.68% c. 18.27 d. 17.50 e. 8.75

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