Multiple Choice
Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements.If the APR is stated to be 24.50%,with interest paid monthly,what is the card's EFF%?
A) 27.45%
B) 23.06%
C) 34.03%
D) 28.82%
E) 32.66%
Correct Answer:
Verified
Correct Answer:
Verified
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