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Your mother's credit card charges her .9 percent interest per month. You want to help her estimate the _______________ so you multiply the monthly interest

Your mother's credit card charges her .9 percent interest per month. You want to help her estimate the _______________ so you multiply the monthly interest rate by 12.

Multiple Choice

  • effective annual

  • annual percentage

  • periodic interest

  • compound interest

  • periodic interest

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