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Interest Payable

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Bob906 | 15:05 Sat 21st Aug 2010 | ChatterBank
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If the APR is 44.9% can anyone tell me what the interest rate is per month please.
Thanks in advance
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Avatar Image Stephen_G
Divided by 12 comes to 3.74166666
16:28 Sat 21st Aug 2010
Avatar Image ABerrant
...but if compounded monthly = 3.13887%
16:37 Sat 21st Aug 2010

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Interest Payable

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