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Given an interest rate of 12% compounded yearly, Find the equivalent rate per year compounded monthly. ​

Given an interest rate of 12% compounded yearly, Find the equivalent rate per year compounded monthly. ​
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Given an interest rate of 12% compounded yearly, Find the equivalent rate per year compounded monthly.

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User Tetrinity
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1 Answer

9 votes

Answer:

Answer below in the picture

I hope my answer helps.

Given an interest rate of 12% compounded yearly, Find the equivalent rate per year-example-1
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User Tugberk Sengezer
by
7.8k points
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