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Calculate the monthly interest rate

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Reference no: EM132622664

Given a loan with the following details:

Loan Amount $130,000

Loan Duration 11 years

Monthly Repayment $3,784

Required:

Question 1: Calculate the Monthly Interest Rate.

Reference no: EM132622664

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Calculate the monthly interest rate : Calculate the Monthly Interest Rate. Given the detail, Loan Duration 11 years. Monthly Repayment $3,784. Loan Amount $130,000.
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