SOLUTION: how much interest(percentage) is added monthly if i am paying 9%(yearly) compounded monthly? i need the interest percentage charged each month. is it .09/12=.0075?

Question 274629: how much interest(percentage) is added monthly if i am paying 9%(yearly) compounded monthly? i need the interest percentage charged each month. is it .09/12=.0075?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
how much interest(percentage) is added monthly if i am paying 9%(yearly) compounded monthly? i need the interest percentage charged each month. is it .09/12=.0075?
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9% per year = 0.75% per month
Not sure if that's your question.

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