Jude plans to invest in a money account that pays 11.6 percent per year compuding monthly....
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Jude plans to invest in a money account that pays 11.6 percent per year compuding monthly. Calculate the Effective Annual Rate. Round up to three decimal places. Jude plans to invest in a money account that pays 11.6 percent per year compuding monthly. Calculate the Effective Annual Rate. Round up to three decimal places.
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To calculate the Effective Annual Rate EAR we need to take into account the effect of co... View the full answer
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