Master card and other credit card issuers must by law print, Ask an Expert

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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 18.00%, with interest paid monthly, what is the card's EFF%?

a. 18.58%

b. 21.57%

c. 22.65%

d. 19.56%

e. 20.54%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91548509

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