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A credit card issuer charges an APR of 19.56%, and its billing cycle is 30 days long. What is its periodic interest rate?

A credit card issuer charges an APR of 19.56%, and its billing cycle is 30 days long. What is its periodic interest rate?
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A credit card issuer charges an APR of 19.56%, and its billing cycle is 30 days long. What is its periodic interest rate?

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User Carioni
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1 Answer

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1.60657%. this is the answer
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User Lena
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