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## Finance

 Basic Finance Corporate Finance Financial Management Financial Econometrics Portfolio Management Risk Management Public Finance Business Law & Ethics

problem: A loan disclosure, as required by law, states that a credit card has an interest rate of 18.2%. Interest is compounded on a quarterly basis. Determine the effective annual rate?

[A] 17.08%

[B] 19.48%

[C] 19.64%

[D] 16.84%

[E] 16.96%

Basic Finance, Finance

• Category:- Basic Finance
• Reference No.:- M917631

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