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Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
| Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) |
| APR | Compounding Period | Effective Annual Rate | ||||
| 22.8 | % | 1 | month | % | ||
| 11.6 | 3 | months | % | |||
| 11.8 | 6 | months | % | |||
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
