Math help needed to Find the effective rate #10

label Mathematics
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schedule 1 Day
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Find the effective rate corresponding to nominal rate 6% / year compounded monthly. Round the answers to the nearest hundredth of percent.
A.
B.
C.
D.
Nov 8th, 2015

Thank you for the opportunity to help you with your question!

D.

is the answer. Thanks

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 8th, 2015

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Nov 8th, 2015
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Nov 8th, 2015
Sep 23rd, 2017
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