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

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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 23.50%, with interest paid monthly, what is the card's EFF%?

a. 30.66%

b. 26.2%

c. 23.32%

d. 22.8%

e. 22.54%

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Contemporary Engineering Economics

ISBN: 9780134105598

6th Edition

Authors: Chan Park

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Question Posted: Jan 09, 2013 03:00 AM

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

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Contemporary Engineering Economics

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