What is the effective annual interest rate for a nominal rate of 8% p.a. when compounded monthly?

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Analysis Synthesis And Design Of Chemical Processes

ISBN: 9780134177403

5th Edition

Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting

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Question Posted: Nov 10, 2023 01:52 PM

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What is the effective annual interest rate for a nominal rate of 8% p.a. when compounded monthly?

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Analysis Synthesis And Design Of Chemical Processes

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