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Find the monthly interest rate on a loan that has an annual

Question: 1. Find the monthly interest rate on a loan that has an annual interest rate of 9.2%. Round to thousandths.

2. A loan of $2,950 at 8% is made for two years compounded annually. Find the future value (compound amount) of the loan. Find the amount of interest paid on the loan.

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Mathematics: Find the monthly interest rate on a loan that has an annual

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Mathematics: Find the monthly interest rate on a loan that has an annual

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