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What is the periodic rate if expressed in percent form

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Reference no: EM131493473

1. How much would have to be deposited monthly in order to accumulate $25000 after 18 years if interest is 12%?

2. What would be the monthly payment on a $20000 loan at 6% for 20 years? What is the periodic rate if expressed in percent form?

Reference no: EM131493473

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