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question 16 Find the nominal rate of 5.08% annual interest rate compounded, monthly using compound interest. 16. Find the nominal rate of a 5.08% annual

question 16

Find the nominal rate of 5.08% annual interest rate compounded, monthly using compound interest.

16. Find the nominal rate of a 5.08% annual interest rate compounded monthly. 17. What should be advertised as the nominal rate if a store will offer monthly ch

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