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Business, 04.09.2020 17:01 yasarhan2

A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal interest rate per year? What is the effective interest rate per compounding period? What is the effective annual interest rate?

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A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal...
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