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Your credit card company quotes you a rate of 19.9%. Interest is billed monthly. What is the actual rate of interest you are paying? Select

Your credit card company quotes you a rate of 19.9%. Interest is billed monthly. What is the actual rate of interest you are paying? Select one: O a. 20.63% O b. 21.82% O c. 19.97% O d. 19.48%

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