johnsonchar503 johnsonchar503

Today at 2:39 AM
Mathematics

Answered

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

Answer :

sqdancefan sqdancefan

Today at 2:44 AM

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%

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Analisa36 Analisa36

Today at 2:43 AM

Answer: 1.55%

Step-by-step explanation:

I’m not for sure

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