1 - San Francisco State University

15. Credit card issuers must by law print their Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 6% monthly, what is the interest rate per month? a. 0.06% . b. 0.608%. c. 1%. d. 0.5%. e. 7.2%. 16. . You plan to invest some money in a bank account. ................
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