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What is the effective rate per year

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Question - What is the effective rate per year that Bonner will end up paying on a credit card if he is ready to pay $270 on the 1st of every month for a period of 5 years if he borrowed $12,000?

Reference no: EM133104769

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What is the effective rate per year : What is the effective rate per year that Bonner will end up paying on a credit card if he is ready to pay $270 on the 1st of every month for a period of 5 years
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