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

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answerhappygod
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Master Card and other credit card issuers must, by law, print the Annual Percentage Rate (APR) on their monthly statemen

Post by answerhappygod »

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 22.25%, with interest paid monthly, what is
the card's EFF%?
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