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What effective rate of interest is equivalent to a nominal rate of 19.214% compounded monthly?

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What effective rate of interest is equivalent to a nominal rate of 19.214% compounded monthly?

What effective rate of interest is equivalent to a nominal rate of 19.214% compounded monthly?

▸ 1.210%

▸ 21.000%

▸ 14.530%

▸ 22.000%

▸ 17.704%

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Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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