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Radio Shack offers credit to its customers and charges interest of 1.2 percent per month. What is the annual percentage rate? 14.40 percent 14.61 percent

Radio Shack offers credit to its customers and charges interest of 1.2 percent per month. What is the annual percentage rate?

14.40 percent

14.61 percent

15.10 percent

15.31 percent

15.53 percent

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