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Antonio borrows $2,428 from the bank for 5 years at an annual interest rate of 3.92% compounded monthly. What was the effective interest rate? _______%
Antonio borrows $2,428 from the bank for 5 years at an annual interest rate of 3.92% compounded monthly. What was the effective interest rate? _______% Round to two decimal places
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
