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Propose an efficient method of completing the following transformation:
Monthly Rate
A set interest or cost expressed as a monthly percentage or fee.
Loan Payment Schedule
A detailed plan listing individual payment amounts and dates throughout the term of a loan, showing both principal and interest components.
Amortized Loan
a loan in which the principal and interest are paid down over time through fixed monthly payments.
Effective Rate
The effective rate, often referred to as the effective annual rate, is the interest rate on a loan or financial product re-compounded on a yearly basis.
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