Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:What is the monthly interest rate if an annual rate is 13.4%?
The monthly interest rate is %.
(Type an integer or decimal rounded to two decimal places as needed.)
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Annual rate = 13.4%
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