What nominal rate of interest compounded monthly is equivalent to an effective rate of 6.2%?
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Valueof 1 in one year at i monthly FV 1 1 i 12 Valueof ...View the full answer
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Muhammad Salman Alvi
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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