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Posted on Jul 10, 2024

If the interest rate on your loan amount is 5.29%, what is the monthly equivalent of that interest rate? Express your answer in decimal format

If the interest rate on your loan amount is 5.29%, what is the monthly equivalent of that interest rate? Express your answer in decimal format with at least 4 digits after the decimal. For example, if your answer is.583%, you should enter your answer as 0.00583 (no percentage sign)

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