If you credit card APR is 20% compounded monthly and you carry a balance your effective rate will be
A) 22.74%.
B) 21.25%.
C) 24.27%.
D) 21.94%.
Correct Answer:
Verified
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Q50: What will be Monty's minimum payment due?
A)$90
B)$20
C)$240
D)$1,080
E)None
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Q53: Most grace periods are
A)7-10 days.
B)21-25 days.
C)14-21 days.
D)30
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