What is the effective annual cost of a credit card that charges 18%, compounded monthly?
A) 16.63%
B) 18.00%
C) 18.81%
D) 19.56%
E) 19.61%

Name: What is the effective annual cost of a credit card that charges 18%, compounded monthly? A) 16.63% B) 18.00% C) 18.81% D) 19.56% E) 19.61%
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The Answer of What is the effective annual cost of a credit card that charges 18%, compounded monthly?
A) 16.63%
B) 18.00%
C) 18.81%
D) 19.56%
E) 19.61%

What Is the Effective Annual Cost of a Credit Card