An interest rate of 2% per month is the same as:(a) 24%
Chapter 4, Problem 4.69(choose chapter or problem)
An interest rate of 2% per month is the same as:(a) 24% per year, compounded monthly(b) a nominal 24% per year, compoundedmonthly(c) an effective 24% per year, compounded monthly(d) Both (a) and (b)
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