Question
If money is invested for 5 years, the per annum simple interest rate equivalent to a nominal rate of 11.6%p.a compounding monthly is (as a
If money is invested for 5 years, the per annum simple interest rate equivalent to a nominal rate of 11.6%p.a compounding monthly is (as a percentage rounded to three decimal places; don't use % sign):
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
