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The effective annual rate for a certificate of deposit that pays 3.9% APR compounded monthly is ...

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The effective annual rate for a certificate of deposit that pays 3.9% APR compounded monthly is ...

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: 4^th

Authors: Berk, DeMarzo

Read 159 times

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Thank you, thank you, thank you!

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