What eective rate of interest per month is equivalent to an


(a) What e?ective rate of interest per month is equivalent to an e?ective rate of interest of 12% per two years?

(b) What e?ective rate of interest per 1.3 years is equivalent to an e?ective rate of interest of 1% per three months?

(c) What force of interest per half year is equivalent to an e?ective rate of interest of 5% per eight months?

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Financial Management: What eective rate of interest per month is equivalent to an
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