Business, 12.03.2020 00:39 Kkampudiaa

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 24.25%, with interest paid monthly. what is the card's EFF%?

a. 33.11%

b. 21.44%

c. 20.35%

d. 27.14%

e. 23.34%

Answers: 1

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Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on thei...