Question
If the effective annual rate of interest is known to be 8% on a debt that has monthly payments, what is the annual percentage rate?
If the effective annual rate of interest is known to be 8% on a debt that has monthly payments, what is the annual percentage rate? Enter your answer as a percentage rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.
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Finance And Strategy Inside China
Authors: Check-Teck Foo
1st Edition
9811328404,9811328412
