Suppose you have a credit card with an 18.99% APR compounding monthly. What is your effective interest rate?
18.99%
20.73%
22.04%
25%
+2
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Home » Mathematics » Suppose you have a credit card with an 18.99% APR compounding monthly. What is your effective interest rate? 18.99% 20.73% 22.04% 25%