3 years ago

What is monthly periodic rate loan with an APR of 18.6%?

2 answers:

7 0

Answer: 1.55%

Step-by-step explanation:

I’m not for sure

3 0

Answer:

1.55%

Step-by-step explanation:

There are 12 months in a year, so you divide the annual rate by 12 to find the monthly rate:

18.6%/12 = 1.55%

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