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Taylor's Hardware offers credit at an APR of 14.9 percent and compounds interest monthly. What is the actual rate of interest they are charging? a.

Taylor's Hardware offers credit at an APR of 14.9 percent and compounds interest monthly. What is the actual rate of interest they are charging?

a. 15.48%

b. 13.97%

c. 14.90%

d. 15.96%

e. 16.10%

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