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OpenStudy (amit69):
Find the effective annual interest rate r of the given annual interest rate. Round your answer to the nearest 0.01%. 10% compounded monthly. r= ?
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OpenStudy (2500161):
0.15 / 365 = k (15 + r)^(15/365) - 15 = r
OpenStudy (amit69):
@2500161 Thank you very much ^_^
OpenStudy (2500161):
Your welcome @amit69
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