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You are paying an effective annual rate of 18.974 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate

You are paying an effective annual rate of 18.974 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate (APR) on this account? 17.50 percent 18.00 percent 18.25 percent 18.64 percent 19.00 percent

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