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First bank of Sweetwater pays a 14% nominal rate of interest compounded monthly. What is the… 1 answer below » First bank of Sweetwater pays a 14% nominal rate of interest compounded monthly. What is the effective rate of interest? Options: A) 14.65% B) 14.74% C) 14.82% D) 14.93% E) none of the above Oct 24 2015 10:59 AM
