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Given an Annual Percentage Rate (APR) of 12% with monthly compounding, the equivalent interest rate for one-month is ____%.
Given an Annual Percentage Rate (APR) of 12% with monthly compounding, the equivalent interest rate for one-month is ____%.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
