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If an investment of $4,000 will grow to $6,520 in four years with monthly compounding, the EFFECTIVE annual interest rate will be closest to: A)
If an investment of $4,000 will grow to $6,520 in four years with monthly compounding, the EFFECTIVE annual interest rate will be closest to:
A) 11.2%
B) 12.3%
C) 13%
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
