Investment earns problem

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If an investment earns 12% annually:

(A) An equivalent monthly investment would have to earn a higher equivalent nominal rate to yield the same return

(B) An equivalent monthly investment would have to earn a lower equivalent nominal rate to yield the same return

(C) An equivalent monthly investment would have to earn the same equivalent nominal rate to yield the same return

(D) A relationship cannot be determined between a monthly and annual investment

Reference no: EM13720780

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