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What effective annual rate can a bank earn on an APR of 10.5 percent, compounded monthly? a) 10.50 percent b) 10.76 percent c)11.84 percent d)11.02
What effective annual rate can a bank earn on an APR of 10.5 percent, compounded monthly?
| a) 10.50 percent | |
| b) 10.76 percent | |
| c)11.84 percent | |
| d)11.02 percent | |
| e) | 13.08 percent |
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Mastering Islamic Finance
Authors: Faizal Karbani
1st Edition
1292001445, 978-1292001449
