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Rojas Watercraft offers credit at an APR of 15.8 percent and compounds interest monthly. What actual rate of interest are they charging? 17.00% 14.7% 16.5%

Rojas Watercraft offers credit at an APR of 15.8 percent and compounds interest monthly. What actual rate of interest are they charging?

		17.00%
		14.7%
		16.5%
		17.50%

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