johnsonchar503
johnsonchar503 johnsonchar503
  • 20-10-2019
  • Mathematics
contestada

What is monthly periodic rate loan with an APR of 18.6%?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 20-10-2019

Answer:

  1.55%

Step-by-step explanation:

There are 12 months in a year, so you divide the annual rate by 12 to find the monthly rate:

  18.6%/12 = 1.55%

Answer Link
Analisa36 Analisa36
  • 20-10-2019

Answer: 1.55%

Step-by-step explanation:

I’m not for sure

Answer Link

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