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

abdallaex

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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%

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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abdallaex Author

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5 months ago

Good timing, thanks!

karamsidhu1

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Thanks

jmendoza

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Just got PERFECT on my quiz

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