SAT, 02.02.2022 17:00, Iamjungshook

Zola borrows $1200. To repay the loan, she makes 12 equal monthly payments of $132 over one year. Determine the effective monthly interest rate on the loan.

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Zola borrows $1200. To repay the loan, she makes 12 equal monthly payments of $132 over one year. De...