Ask your own question, for FREE!
Mathematics 13 Online
OpenStudy (anonymous):

Find the effective rate corresponding to the nominal rate 13% compounded monthly.

OpenStudy (anonymous):

\[(1+\frac{.13}{12})^{12}=1.138\] rounded for an increase of .138 or 13.8%

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol: i need help
1 day ago 7 Replies 1 Medal
Arriyanalol: CONGRATS to me
1 day ago 8 Replies 2 Medals
Legomaster346: What colleges are good that are near Arab Alabama?
1 week ago 5 Replies 0 Medals
Arriyanalol: i need help
1 week ago 6 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!