Find the effective interest rate. The interest rate is 4.6% compounded monthly. Round the answer to...

Question

Question

Find the effective interest rate. The interest rate is 4.6% compounded monthly. Round the answer to two decimal places.

Answer 1

Answer #1

Criveno 4.6.1. interest rate compounded monthly (21 4,61 021 0.046. Effective date of interest hane we 12 i 12, 12 (1+i)= (lt

Answer 2

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