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What is the effective interest rate on an account that earns 5.5% compounded monthly?
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Sep 3, 2022
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What is the effective interest rate on an account that earns 5.5% compounded monthly?
Mathematics
college
Sayan Sen
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Sayan Sen
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Answer:
.46%
Explanation:
.055/12= .00458= .46%
Jezell
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Sep 9, 2022
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Jezell
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