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What is the Effective Annual Rate (EAR) on a credit card that has an APR of 22.75%, with monthly payments? a. 25.28% b. 21.64% c.

What is the Effective Annual Rate (EAR) on a credit card that has an APR of 22.75%, with monthly payments? a. 25.28% b. 21.64% c. 24.06% d. 22.84% e. 30.33%

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