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What is the monthly interest rate of and annual 10 percent rate?
Updated: 9/21/2023
Wiki User
∙ 10y agoBest Answer
It is 0.833... recurring % if the interest is simple, or compounded annually.
If compounded monthly, it is approx 0.797 %
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∙ 10y agoThis answer is:
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Related questions
What is the monthly interest rate if the annual interest rate is 18 percent?
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