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Question 2 1 pts This is the same information from the previous question: A company borrowed a certain amount of money at the beginning of
Question 2 1 pts This is the same information from the previous question: A company borrowed a certain amount of money at the beginning of the current year. The loan requires one payment, 2 years from the date of the original borrowing, which will include repayment of the initial amount plus all accrued interest. The interest rate stated in the loan document is 12%. Interest is compounded monthly. What is the interest rate per PERIOD (NOT PER YEAR)? DO NOT PUT A % SIGN ON YOUR ANSWER. DO NOT STATE IT AS A DECIMAL. IF YOU BELIEVE THE ANSWER IS 6%, INPUT"6
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