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Question 4 (6 points) What is the effective annual interest rate (EFF or EAR) on a 19.99% annual percentage rate Wells Fargo credit card which

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Question 4 (6 points) What is the effective annual interest rate (EFF or EAR) on a 19.99% annual percentage rate Wells Fargo credit card which requires monthly payments (so that m 12)? Please round your answer to the 2nd decimal place after converting into percent terms. Effective Annual Rate (EFF in %)

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