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If the APR on a loan is 6%, then what is the monthly compound rate? 6% 1% 0.50% 1.16% Question 2 1 pts If the

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If the APR on a loan is 6%, then what is the monthly compound rate? 6% 1% 0.50% 1.16% Question 2 1 pts If the principal of a loan is $1,000 and the loan is paid over 24 months with an APR of 12%, what is the size of the monthly payment? $47.07 $10.70 $13.45 $88.84

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