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The Brick store credit card quotes a rate of 1.75% per month on the unpaid balance. Calculate the effective rate of interest being charged. a.
The Brick store credit card quotes a rate of 1.75% per month on the unpaid balance. Calculate the effective rate of interest being charged. a. 51.64% b. 21% c. 9.85% d. 10.97% e. 23.14%
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
