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use this section to answer the second question The APR on a loan is 11.16%. (The APR is a stated rate.) Compounding is monthly. The
use this section to answer the second question 
The APR on a loan is 11.16%. (The APR is a stated rate.) Compounding is monthly. The periodic monthly rate is: A. .0089 B. .0093 C. .0279 D. .0372 E. .0558 Step by Step Solution
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Shape Up Your Finances
Authors: Ian Birt
2nd Edition
1925716422, 978-1925716429
