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FORMULA ONLY: If thesimplerate(APR) is 10% but compoundingoccurs each month, what's the effectiverate (APY)? 34 FORMULA ONLY: If thesimplerate(APR) is 10% but compoundingoccurs each month,

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FORMULA ONLY: If thesimplerate(APR) is 10\% but compoundingoccurs each month, what's the effectiverate (APY)? 34 FORMULA ONLY: If thesimplerate(APR) is 10\% but compoundingoccurs each month, what's the effectiverate (APY)? 34

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