Question: National Bank charges 6% effective annual rate on it's business loans. Assuming monthly compounding, calculate the annual percentage rate on this. enter as decimals and

National Bank charges 6% effective annual rate on it's business loans. Assuming monthly compounding, calculate the annual percentage rate on this. enter as decimals and round to 4 decimals.

National Bank charges 9% APR, compounded monthly on it's business loans. Calculate the monthly period rate on this loan. Enter percentages as decimals and round to the 4th decimal.

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