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liz_08 liz_08
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5 years ago
What is the effective interest rate for an investment fund that pays 8% interest compounded monthly? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer two decimal places, X.XX%.)
A) 8.67%
B) 8.00%
C) 8.30%
D) 8.16%
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Intermediate Accounting

Intermediate Accounting


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Literally the most helpful website ever
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