Business, 23.06.2020 23:01 neariah24

You recently received a letter from Cut-to-the-Chase National Bank that offers you a new credit card that has no annual fee. It states that the annual percentage rate (APR) is 16 percent on outstanding balances. What is the effective annual interest rate?

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You recently received a letter from Cut-to-the-Chase National Bank that offers you a new credit card...