You have recently seen a credit card advertisement that states that the annual percentage rate (APR) is 20 percent. If the credit card requires monthly payments, what is the effective annual rate of interest on the loan?
You have recently seen a credit card advertisement that states that
the annual percentage rate (APR) is 20 percent. If the credit card requires monthly payments, what is the effective annual rate of interest on the loan?
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The post You have recently seen a credit card advertisement that states that the annual percentage rate (APR) is 20 percent. If the credit card requires monthly payments, what is the effective annual rate of interest on the loan? appeared first on Superb Professors.
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