Mathematics, 08.08.2021 22:20 BrandyLeach01
A bank quotes an interest rate as 0.06341 annual effective yield. What interest rate, compounded monthly, will provide that
annual effective interest rate? Round your answer to five decimal places and do not round any intermediate calculations to
less than seven decimal places.
Answers: 3
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A bank quotes an interest rate as 0.06341 annual effective yield. What interest rate, compounded mon...
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