After Reading the Fine Print in Your Credit Card Agreement,you

question 72

Multiple Choice

After reading the fine print in your credit card agreement,you find that the "low" interest rate is actually an 18% APR,or 1.5% per month.What is the effective annual rate?

• A) 18.47%
• B) 19.56%
• C) 18.82%
• D) 19.41%