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in the monthly formula M= Pr(1+r) ^n/(1+r)^n-1 , what value would you put for r if the interest rate is 4.8%? A. 4.8 B. 0.48

in the monthly formula M= Pr(1+r) ^n/(1+r)^n-1 , what value would you put for r if the interest rate is 4.8%? A. 4.8 B. 0.48 C. 0.004 D. 0.0048

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