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A. Felix was given a card with an APR of 12%. What was his monthly percentage rate?

User Schteppe
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1 Answer

1 vote

Answer:

Apr= 12%

Explanation:

The Apr represents the annual percentage rate. Since there are 12 months in a year, the monthly percentage rate is the annual percentage rate divided by 12. Monthly percentage rate= Apr/Number of months a year = 12%/12= 1&.

Therefore, your answer is 1&.

To be honest, these days you can get answers from anywhere, make sure they're the right answers before using them.

User Hedi
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