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A student borrowed money from a credit Union to purchase a Motorcycle Shop. The. rate is quoted at 9.5 % Nominal with monthly repayments. What

A student borrowed money from a credit Union to purchase a Motorcycle Shop. The. rate is quoted at 9.5 % Nominal with monthly repayments. What is the effective rate of interest?
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A student borrowed money from a credit Unian to purchase a Matarcycle Shop. The. rate is quoted at 9.5% Nominal with monthly repayments. What is the effective rate of interest

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