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Your credit card charges you 1.5 percent interest per month. This rate when multiplied by 12 is called the: Effective annual rate. Periodic interest rate.
| Your credit card charges you 1.5 percent interest per month. This rate when multiplied by 12 is called the: |
| Effective annual rate. |
| Periodic interest rate. |
| Compound interest rate. |
| Annual percentage rate. |
Period interest rate. |
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
