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Questions tagged [effective monthly interest rate]

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SsamziegangSerenade SsamziegangSerenade Fri Oct 25 2024 | 7 answers 1628

What is the effective monthly interest rate?

I'm trying to understand the financial aspect of a loan or an investment. Specifically, I want to know the effective monthly interest rate, which would help me calculate the actual cost or return on a monthly basis.

What is the effective monthly interest rate?

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