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What is the effective annual rate for an APR of 17.30 percent compounded monthly? Multiple Choice 17.53% 18.60% 18.46% 18.74% 19.68%

What is the effective annual rate for an APR of 17.30 percent compounded monthly? Multiple Choice

17.53%

18.60%

18.46%

18.74%

19.68%

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