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What is the Effective Annual Rate (EAR) on a credit card that has an APR of 23.75%, with monthly payments? a. 25.10% b. 22.84% c.

What is the Effective Annual Rate (EAR) on a credit card that has an APR of 23.75%, with monthly payments? a. 25.10% b. 22.84% c. 30.33% d. 26.51% e. 24.06%

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