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Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Monthly payments of $264.15
Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Monthly payments of $264.15 are made for 10 years to repay a loan at 8.9% compounded monthly.
i = (as an integer or decimal rounded to four decimal places as needed.)
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