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A credit card advertises an annual interest rate of 23%. What is the equivalent monthly interest rate?

A credit card advertises an annual interest rate of 23%. What is the equivalent monthly interest rate?
asked 199k views
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A credit card advertises an annual interest rate of 23%.

What is the equivalent monthly interest rate?

A credit card advertises an annual interest rate of 23%. What is the equivalent monthly-example-1
asked
User Jamesmortensen
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1 Answer

8 votes

Answer:

Interest rates is equal to 23%

answered
User Shridharama
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