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You are paying an effective annual rate of 25 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate

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You are paying an effective annual rate of 25 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on this account (calculate the APR using the effective quarterly rate)? 22.52 percent 14.06 percent 22.95 percent 1.88 percent 14.25 percent

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