Finite Mathematics
7th Edition
ISBN: 9781337280426
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Chapter 2.2, Problem 19E
In Exercises 17–22, find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01%. [hinT: See Quick Example 5.]
10% compounded monthly
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Chapter 2 Solutions
Finite Mathematics
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