jackiemoreno5293 jackiemoreno5293
  • 10-02-2022
  • Business
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Assume interest is compounded monthly. The ______ annual rate will express this rate as though it were compounded annually.

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musiclover10045
musiclover10045 musiclover10045
  • 10-02-2022

A compounded interest rate is sometimes called an effective annual rate.


Answer: effective

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