Question
an interest rate of 2% per month is the same as:a) nominal 24% per year compounded monthly b) effective compound interest of 26.82% per year
an interest rate of 2% per month is the same as:a) nominal 24% per year compounded monthly b) effective compound interest of 26.82% per year c) nominal 6% per quarter compounded monthly
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Financial Accounting International Financial Reporting Standards Global Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
11th Edition
9781292211145
