Find the monthly compounded nominal interest rate that is equivalent to an effective rate of 21%.
A) 1.75%
B) 23.144%
C) 1.929%
D) 19.214%
E) 1.601%

Name: Find the monthly compounded nominal interest rate that is equivalent to an effective rate of 21%. A) 1.75% B) 23.144% C) 1.929% D) 19.214% E) 1.601%
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The Answer of Find the monthly compounded nominal interest rate that is equivalent to an effective rate of 21%.
A) 1.75%
B) 23.144%
C) 1.929%
D) 19.214%
E) 1.601%

Find the Monthly Compounded Nominal Interest Rate That Is Equivalent