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The periodic rate is _____. an interest rate that changes over the term of the loan the interest rate you are charged for one payment period the APR multiplied by twelve the amount of time you have to pay your loan
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Updated 6/11/2015 4:08:39 PM
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The periodic rate is the interest rate you are charged for one payment period.

Added 6/11/2015 4:08:39 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [6/11/2015 4:22:34 PM]
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