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The Men's Warehouse charges 1.60% interest per month on its credit cards. What effective annual rate its credit customers are actually paying? 19.31% 20.98% 19.20%

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The Men's Warehouse charges 1.60% interest per month on its credit cards. What effective annual rate its credit customers are actually paying? 19.31% 20.98% 19.20% 722.84%

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