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tbparker tbparker
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A year ago
What is the effective interest rate corresponding to a nominal annual rate of:


a) 4% compounded monthly?
b) 8% compounded monthly?
c) 12% compounded monthly?

Calculate interest rates accurate to the nearest 0.01%.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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mattloftergenermattloftergener
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A year ago
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