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Question 8 (1 point) Many department stores charge 2.4% per month on overdue accounts. What is the effective annual rate in this situation? 32.9% O

Question 8 (1 point) Many department stores charge 2.4% per month on overdue accounts. What is the effective annual rate in this situation? 32.9% O 26.8% 28.8% 31.8% 25.6%

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