Question: Question 11 X Your answer is incorrect. Try again. You have recently seen a credit card advertisement that states that the annual percentage rate is

Question 11 X Your answer is incorrect. Try again. You have recently seen a credit card advertisement that states that the annual percentage rate is 6.6 percent. If the credit card requires monthly payments, what is the effective annual rate of interest on the loan? (Round answer to 2 decimal places, e.g., 12.25.) Effective annual rate 124.07 % Click if you would like to Show Work for this question: Modify Show Work UINK TO TEXT dy Question Attempts: 1 of 2 used SAVE FOR LATER SUBMIT ANSWER 100%

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