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    Exam 22: Borrowing Models
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    A Credit Card Bill Shows a Balance Due of $980
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A Credit Card Bill Shows a Balance Due of $980

Question 46

Question 46

Multiple Choice

A credit card bill shows a balance due of $980 with a monthly interest rate of 1.91%. What is the APR?


A) 18.36%
B) 19.99%
C) 22.92%
D) 25.49%

Correct Answer:

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