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Question 17 2 pts Suppose your credit card issuer states that it charges a 16.25% nominal annual rate, but you must make monthly payments, which

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Question 17 2 pts Suppose your credit card issuer states that it charges a 16.25% nominal annual rate, but you must make monthly payments, which amounts to monthly compounding. What is the effective annual rate? 0 17.52% 13.84% O 18.57% 17.87% O 16,99%

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