Question: If a 3-year rate compounded annually is 7.9%, what is the correspondingly effective monthly rate? 0.2168% 0.2194% 0.2797% 0.2479% 0.2114%

If a 3-year rate compounded annually is 7.9%, what is the

If a 3-year rate compounded annually is 7.9%, what is the correspondingly effective monthly rate? 0.2168% 0.2194% 0.2797% 0.2479% 0.2114%

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If a 3-year rate compounded annually is 7.9%, what is the correspondingly effective monthly rate? O 0.2797% O 0.2168% O 0.2194% O 0.2479% O 0.2114%

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