your credit card has aa nominal monthly interest rate charged on unpaid balances of 1.5%. What is the effective annualiz

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answerhappygod
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your credit card has aa nominal monthly interest rate charged on unpaid balances of 1.5%. What is the effective annualiz

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your credit card has aa nominal monthly interest rate charged on unpaid balances of 1.5%. What is the effective annualize cost (a PY) on this credit card? Show your work and the answer.
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