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skelet666 [1.2K]
2 years ago
13

Calculate the effective annual interest rate if the annual interest rate, i, is 9%.

Mathematics
2 answers:
sleet_krkn [62]2 years ago
8 0
Hi there

(1+0.09÷12)^(12)−1
=0.0938

Hope it helps
jeyben [28]2 years ago
4 0
B. ) Unless you're missing some data.
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