If an investment earns 12 annually an equivalent monthly, Business Management

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If an investment earns 12 annually an equivalent monthly

If an investment earns 12% annually:

(A) An equivalent monthly investment would have to earn a higher equivalent nominal rate to yield the same return

(B) An equivalent monthly investment would have to earn a lower equivalent nominal rate to yield the same return

(D) A relationship cannot be determined between a monthly and annual investment

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Business Management: If an investment earns 12 annually an equivalent monthly

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Business Management: If an investment earns 12 annually an equivalent monthly

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