a) What is the annual NOMINAL interes… Show more A bank charges 1.5% per month interest rate compounded montly. a) What is the annual NOMINAL interest rate its charging? b)What is the EFFECTIVE interest rate it is charging? • Show less
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a) What is the annual NOMINAL interes… Show more A bank charges 1.5% per month interest rate compounded montly. a) What is the annual NOMINAL interest rate its charging? b)What is the EFFECTIVE interest rate it is charging? • Show less