What is the monthly interest rate

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Problem - Aliah just sent an application for a loan. The loan has an annual percentage rate of 21%. What is the monthly interest rate that will apply to any unpaid balances on this loan? Assume 12 equal months.

Reference no: EM132812588

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What is the monthly interest rate : Aliah just sent an application for a loan. The loan has an annual percentage rate of 21%. What is the monthly interest rate
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