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Your credit card company quotes you a rate of 17.3 percent. Interest is compounded monthly. What is the actual rate of interest you are paying?

Your credit card company quotes you a rate of 17.3 percent. Interest is compounded monthly. What is the actual rate of interest you are paying? A. 18.74 percent B. 19.21 percent C. 19.44 percent D. 19.57 percent E. 19.09 percent

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