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Business, 30.03.2020 18:47 21ghostrider21

A department store has offered you a credit card that charges interest at 1.65% per month compounded monthly. (a) (a) What is the nominal interest (annual percentage) rate for this credit card? (b) (b) What is the effective annual interest rate?

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A department store has offered you a credit card that charges interest at 1.65% per month compounded...
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