How should a qualified lender determine the effective ...
Calculate the monthly effective interest rate for the month of December 2004. 0.00487 0.00494 0.00500 0.00501 0.00509 A deposit is made on January 1, 2004. The investment earns interest at a rate equivalent to an annual rate of discount of 6%. Calculate the monthly effective interest rate for the month of December 2004. ................
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