Square Park Furniture offers credit to its customers at a rate of 1.25 percent per month. What is the effective annual rate of this credit offer? [Hint; first find APR] Group of answer choices 14.04% 15.00% 16.08% 15.28%

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Square Park Furniture offers credit to its customers at a rate of 1.25 percent per month. What is the effective annual rate of this credit offer? [Hint; first find APR]  Group of answer choices  14.04%  15.00%  16.08%  15.28%

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