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Yang needs to renovate his 60-year-old home in Langley. He has financed the project at 6% compounded quarterly. The final cost of the project was

Yang needs to renovate his 60-year-old home in Langley. He has financed the project at 6% compounded quarterly. The final cost of the project was $14,825 while he pays $392. 01 per month. What is the equivalent rate per payment period

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