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Mathematics, 02.06.2020 20:58 username999990

An investment that returns a nominal 3.5% yearly rate, but is compounded monthly, what is the effective yearly rate, rounded to the nearest hundredth of a percent. Show all work.

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An investment that returns a nominal 3.5% yearly rate, but is compounded monthly, what is the effect...
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Mathematics, 14.02.2020 23:50