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Question 17 5 pts Master Card and other credit card issuers must print the nominal annual rate (APR) on their monthly statements. If the APR

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Question 17 5 pts Master Card and other credit card issuers must print the nominal annual rate (APR) on their monthly statements. If the APR is stated as 22.75%, but interest is compounded monthly, what is the card's effective annual rate (EFF%)? Your answer should be between 16.82 and 29.74, rounded to 2 decimal places, with no special characters. 5 nts

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