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Convert 13% simple annual rate into annual rate, compounded monthly. 13% simple annual rate is equivalent to: 12.2842% annual rate, compounded monthly 13.3675% annual rate,

image text in transcribed Convert 13% simple annual rate into annual rate, compounded monthly. 13% simple annual rate is equivalent to: 12.2842% annual rate, compounded monthly 13.3675% annual rate, compounded monthly 13.8032% annual rate, compounded monthly 12.8881% annual rate, compounded monthly 13.0000% annual rate, compounded monthly

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