Question: Example M: The nominal rate is 1% per month and compounding occurs monthly, what is the effective rate for 12 months. Use: i=(1+r/m)m -1

Example M: The nominal rate is 1% per month and compounding occurs

Example M: The nominal rate is 1% per month and compounding occurs monthly, what is the effective rate for 12 months. Use: i=(1+r/m)m -1

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