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What is the effective annual interest rate on a credit card loan charging 15%, compounded monthly? OA) 14.06% OB) 15.00% OC) 15.12% O D)

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What is the effective annual interest rate on a credit card loan charging 15%, compounded monthly? OA) 14.06% OB) 15.00% OC) 15.12% O D) 16.08% OE) 16.18%

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