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If the annual percentage rate is 18%, what is the monthly interest rate? Please Explain.

If the annual percentage rate is 18%, what is the monthly interest rate? Please Explain.
asked 76.8k views
2 votes
If the annual percentage rate is 18%, what is the monthly interest rate? Please Explain.

asked
User Cihangir
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6.8k points

1 Answer

3 votes
1.2 would be the monthly
answered
User Sheikhjabootie
by
8.1k points
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