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if a bank pays 12% nominal interest rate , what is the effective interest rate after one year assuming uarterly compounding?
if a bank pays 12% nominal interest rate , what is the effective interest rate after one year assuming uarterly compounding?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
