After reading the fine print in your credit card agreement, you find that the "low" interest rate is actually an 18 percent APR, or 1.5 percent per month.Now, to make you feel even worse, calculate the effective annual interest rate.

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The Answer of After reading the fine print in your credit card agreement, you find that the "low" interest rate is actually an 18 percent APR, or 1.5 percent per month.Now, to make you feel even worse, calculate the effective annual interest rate.

After Reading the Fine Print in Your Credit Card Agreement