An effective 12.68% per year, compounded monthly, is the closest to: (a) 12% per year (b) 12%
Question:
An effective 12.68% per year, compounded monthly, is the closest to:
(a) 12% per year
(b) 12% per year, compounded annually
(c) 1% per month
(d) 1% per month, compounded annually
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01268 1 r12 12 1 1 r12 12 11268 12log 1 r1...View the full answer
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