Question
A bank advertises a nominal annual interest rate of 4.4% on a loan. However, interest is compounded monthly. In decimal form, what is the effective
A bank advertises a nominal annual interest rate of 4.4% on a loan. However, interest is compounded monthly. In decimal form, what is the effective interest rate on the loan? (Round to four decimal places)
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Problems In Portfolio Theory And The Fundamentals Of Financial Decision Making
Authors: Leonard C Maclean, William T Ziemba
1st Edition
9814749931, 978-9814749930
