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OpenStudy (anonymous):
Travis just got a new credit card that offers an introductory APR of 3.6% for the first 3 months and a standard APR of 14.4% thereafter. If interest is compounded monthly, what is the periodic interest rate during the first 3 months? A. 1.6% B. 1.2% C. 0.3% D. 0.4%
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OpenStudy (ilovetostudy061897):
It was C
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