SOLUTION: what is the monthly periodic rate on a loan with an APR of 19.5%

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Question 831668: what is the monthly periodic rate on a loan with an APR of 19.5%
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
what is the monthly periodic rate on a loan with an APR of 19.5%
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0.195/12 = 0.0163 = 1.63%
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cheers,
Stan H.