question archive If the 10 percent interest rate quoted on Dave’s loan had been compounded monthly, what would have been the effective annual interest rate charged on the loan? Effective annual rate of interest   %

If the 10 percent interest rate quoted on Dave’s loan had been compounded monthly, what would have been the effective annual interest rate charged on the loan? Effective annual rate of interest   %

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If the 10 percent interest rate quoted on Dave’s loan had been compounded monthly, what would have been the effective annual interest rate charged on the loan?

Effective annual rate of interest   %

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