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Posted on May 19, 2024

You have been offered a credit card with an interest rate of 1.5% per month. This is equivalent to and effective annual rate (EAR)

You have been offered a credit card with an interest rate of 1.5% per month. This is equivalent to and effective annual rate (EAR) of 18.00%. O 24.00%. O 19.56%. O 12.17%.

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