Question: bled: Exam 2 i Staved Wele 5 w e 8 - 8 . 4 Your credit card charges you 1 . 5 percent interest each
bled: Exam i
Staved
Wele
w e
Your credit card charges you percent interest each month. When multiplied by this rate is called the rate.
Multiple Choice
effective annual
annual percentage
periodic interest
compound interest
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