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You receive an offer in the mail for a credit card, which claims to have the best rates available, only 1 % per month. You're

You receive an offer in the mail for a credit card, which claims to have the best rates available, only 1 % per month. You're tempted. What is the EAR for this card? 13.82% 11.29% 19.63% 7.49% 12.68%

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