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Given an Annual Percentage Rate (APR) of 0.081 with monthly. compounding, the equivalent interest rate for one-month is Instruction: Round to three decimal places. E.g.,

image text in transcribed Given an Annual Percentage Rate (APR) of 0.081 with monthly. compounding, the equivalent interest rate for one-month is Instruction: Round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011, neither 0.0106465,0.0106, nor 1.065 . Otherwise, Blackboard will treat it as a wrong

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