First bank of sweetwater pays a 14 nominal rate of interest
First bank of Sweetwater pays a 14% nominal rate of interest compounded monthly. What is the effective rate of interest?
Options: A) 14.65% B) 14.74% C) 14.82% D) 14.93% E) none of the above
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first bank of sweetwater pays a 14 nominal rate of interest compounded monthly what is the effective rate of
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