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(4 points) Suppose $200 is invested for 3 years at an Interest rate that is compounded monthly and further suppose it accumulates to $303.65 after
(4 points) Suppose $200 is invested for 3 years at an Interest rate that is compounded monthly and further suppose it accumulates to $303.65 after 3 years. The monthly interest rate (APR) is % (round to 1 decimal place) The effective annual Interest rate (APY) is % fround to 3 decimal places)
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
