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xxTIMURxx [149]

2 years ago

5

1.11t can be written as (1.111/12)12t to give the monthly interest rate based on an annual rate of 11%. Transform the expression

into a single exponent expression that gives the approximate equivalent monthly interest rate based on an annual rate of 11%.

1 answer:

Nataly_w [17]2 years ago

5 0

Answer:

yup this explanation is correct you will get good grade

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