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 24.25%, with interest paid monthly. what is the card's EFF%?
a. 33.11%
b. 21.44%
c. 20.35%
d. 27.14%
e. 23.34%
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Home » Business » 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 24.25%, with interest paid monthly. what is the card's EFF%? a. 33.11% b. 21.44% c. 20.35% d. 27.