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Calculate the effective rate of interest for the first year, if the rate of interest is 12.6%p.a. compounded monthly? (rounding the answer to 6 significant

Calculate the effective rate of interest for the first year, if the rate of interest is 12.6%p.a. compounded monthly? (rounding the answer to 6 significant decimal figures) a. 0.133537 b. 0.136608 C. 0.129969 d. 0.135476 e. 0.132080

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