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1 August, 14:40

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

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Answers (2)
  1. 1 August, 15:23
    0
    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%
  2. 1 August, 17:02
    0
    Answer: 1.55%

    Step-by-step explanation:

    I'm not for sure
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