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Suppose you can borrow using a credit card that charges 1 percent per month. What is the Effective Annual Rate for this loan? OA. 12.00%.

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Suppose you can borrow using a credit card that charges 1 percent per month. What is the Effective Annual Rate for this loan? OA. 12.00%. . 12.55%. . 12.68%. OD. 13.1896. OE. 13.77%

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