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What is the effective annual rate for an APR of 17.50 percent compounded monthly? Select one: a. 18.83% b. 18.68% c. 18.97% d. 17.75% e.

What is the effective annual rate for an APR of 17.50 percent compounded monthly? Select one: a. 18.83% b. 18.68% c. 18.97% d. 17.75% e. 19.92%

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