SOLUTION: f the annual interest rate on a credit card statement is 16.8%, what is the monthly interest rate? Round your solution to two decimal places.

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Question 899902: f the annual interest rate on a credit card statement is 16.8%, what is the monthly interest rate? Round your solution to two decimal places.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
.168%2F12+=+.014 1.4% per month