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What is the effective annual rate for an APR of 17.20 percent compounded monthly? rev: 08_05_2019_QC_CS-174568 Multiple Choice 17.42% 18.34% 18.62% 18.48% 19.55%

What is the effective annual rate for an APR of 17.20 percent compounded monthly?

rev: 08_05_2019_QC_CS-174568

Multiple Choice

17.42%

18.34%

18.62%

18.48%

19.55%

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