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If the nominal interest rate is 4.5%/year, what is the effective interest rate per compounding period if compounded every month?
If the nominal interest rate is 4.5%/year, what is the effective interest rate per compounding period if compounded every month?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
