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    Exam 22: Borrowing Models
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    A Credit Card Bill Shows a Daily Interest Rate of 0.062
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A Credit Card Bill Shows a Daily Interest Rate of 0.062

Question 57

Question 57

Multiple Choice

A credit card bill shows a daily interest rate of 0.062%. What is the APR?


A) 21.18%
B) 22.63%
C) 27.18%
D) a different value

Correct Answer:

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