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Problem 10: The nominal interest rate on a savings account is 9.6% annually. If the bank advertises that the interest is compounded monthly, calculate the
Problem 10: The nominal interest rate on a savings account is 9.6% annually. If the bank advertises that the interest is compounded monthly, calculate the effective annual rate (EAR)
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Urban Public Finance
Authors: D. Wildasin
1st Edition
0415851882, 978-0415851886
