Find the effective rate of interest for 1% compounded monthly. The effective rate of interest is %. (Round to three decimal places as needed.)

asked Nov 21, 2021 14.0k views

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Find the effective rate of interest for 1% compounded monthly.

The effective rate of interest is %.
(Round to three decimal places as needed.)

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Answer:

Find the effective rate of interest for 1% compounded monthly

Explanation:

Adampetrie answered Nov 26, 2021

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