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How many compounding periods are needed to obtain an effective interest rate of 25% if the interest rate per compounding period is 1.88%?
How many compounding periods are needed to obtain an effective interest rate of 25% if the interest rate per compounding period is 1.88%?
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
