Calculate the effective annual interest rate charged by a bank if the APR is 18%, compounded monthly.
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Calculate the effective annual interest rate charged by a bank if the APR is 18%, compounded monthly.
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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