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Rojas Watercraft offers credit at an APR of 13.8 percent and compounds interest monthly. What actual rate of interest are they charging? Multiple Choice 15.0%

Rojas Watercraft offers credit at an APR of 13.8 percent and compounds interest monthly. What actual rate of interest are they charging? Multiple Choice 15.0% 16.1% 15.7% 14.5% 14.7% O

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