=+7 If the flat (nominal annual) rate of interest is 14 per cent and compounding takes place
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=+7 If the flat (nominal annual) rate of interest is 14 per cent and compounding takes place monthly, what is the effective annual rate of interest (the Annual Percentage Rate)?
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Related Book For 
Corporate Financial Management And How To Write Essays And Assignments
ISBN: 978-1405882897
Coursepack Edition
Authors: Glen Arnold
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