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OpenStudy (anonymous):
To borrow $2,500 at a 0.09 annual interest rate for two years, what is the approximate monthly interest rate? A. 0.005 B. 0.0075 C. 0.0833 D. 0.833
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OpenStudy (tkhunny):
What a silly question. Why do we care about the loan amount or the term? 0.09 / 12 = ??
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