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Your credit card has an APR of 13.9 percent, compounded monthly. What is the effective annual rate on your card? 15.29 percent 14.82 percent 15.11

Your credit card has an APR of 13.9 percent, compounded monthly. What is the effective annual rate on your card?

15.29 percent

14.82 percent

15.11 percent

14.46 percent

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