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johnpaech johnpaech
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7 years ago
The effective annual rate for a certificate of deposit that pays 3.9% APR compounded monthly is closest to:
A) 3.83%
B) 3.90%
C) 3.97%
D) 4.04%
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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EgorGruzdevEgorGruzdev
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7 years ago
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johnpaech Author
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7 years ago
You make an excellent tutor!
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Thanks
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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