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If a lender charges an interest rate of 0.9% per month, what rate must they quote on this lending arrangement? Do not round intermediate calculations.

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If a lender charges an interest rate of 0.9% per month, what rate must they quote on this lending arrangement? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response

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