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What is the monthly compounded nominal rate that is equivalent to 19.56% compounded annually?

bluewiss

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What is the monthly compounded nominal rate that is equivalent to 19.56% compounded annually?

What is the monthly compounded nominal rate that is equivalent to 19.56% compounded annually?

▸ 18.00%

▸ 15.00%

▸ 21.41%

▸ 19.06%

▸ 18.32%

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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