If the monthly interest rate is 3 % , then APR = : 3 % $ 3

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Question:

If the monthly interest rate is

3 %,

then APR

=

3 %

3

300

36 %

If the monthly interest rate is

3 %,

then APY

=

3 %

36 %

42.6 %

300

Posted Date: May 18, 2024 06:18 PM

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If the monthly interest rate is 3 % , then APR = : 3 % $ 3

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