Credit card-what is the effective annual rate

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Reference no: EM13729518

A Bank is offering you a credit card with an APR of 9.99%. The bank compounds interest monthly. What is the effective annual rate?

Reference no: EM13729518

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Credit card-what is the effective annual rate : A Bank is offering you a credit card with an APR of 9.99%. The bank compounds interest monthly. What is the effective annual rate?

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