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Mathematics, 06.11.2021 08:00 accounting73

Sabrina has a credit card with an APR of 22.7%. What is her monthly periodic rate? Round to the nearest ten-thousandth (0.0001) if necessary.

I know the answer is 1.8917% but what are the steps to get that?

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Sabrina has a credit card with an APR of 22.7%. What is her monthly periodic rate? Round to the ne...
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