1. The interest rate for the loan is 4.7% p.a. effective. Calcualte the equivalent nominal annual rate...

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1. The interest rate for the loan is 4.7% p.a. effective. Calcualte the equivalent nominal annual rate compounding monthly. Give your answer as a percentage to 4 decimal places, and do NOT include a percentage sign.

2. Calculate the equivalent effective monthly rate. Give your answer as a percentage to 4 decimal places, and do NOT include a percentage sign

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Cost Management Measuring, Monitoring and Motivating Performance

ISBN: 978-1119185697

3rd Canadian edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang-Hsuan Chen, Gail Cook

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Posted Date: Jan 05, 2021 08:08 AM

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1. The interest rate for the loan is 4.7% p.a. effective. Calcualte the equivalent nominal annual rate...

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Part 1 Equivalent nominal annual rate1r1m1m Where r Effective annual rate ... View the full answer

Cost Management Measuring, Monitoring and Motivating Performance

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