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The Furniture Store credit card quotes a rate of 1.75 % per month on the unpaid balance. Calculate the effective rate of interest that is

The Furniture Store credit card quotes a rate of 1.75 % per month on the unpaid balance. Calculate the effective rate of interest that is charged. Select one: a. 21% b. 9.85% c. 10.97% d. 51.64% e. 23.14% image text in transcribed

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