Question
Your saving account has a stated (nominal) annual interest rate of 8.61 percent, compounded monthly. Calculate the effective annual rate, or EAR (annual percentage yield).
Your saving account has a stated (nominal) annual interest rate of 8.61 percent, compounded monthly. Calculate the effective annual rate, or EAR (annual percentage yield).
Round the final answer to three decimal places in percentage form. (Write the percentage sign in the "units" box)
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Bitcoin Cash What You Need To Know About Bch
Authors: Alexander O. M.
1st Edition
1976721229, 978-1976721229
