What is highest effective annual interest rate attainable

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What is the highest effective annual interest rate attainable with a 12 percent nominal interest rate? Please show your work. If you solve this using a financial calculator, please show the inputs.

Reference no: EM131014120

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What is highest effective annual interest rate attainable : What is the highest effective annual interest rate attainable with a 12 percent nominal interest rate? Please show your work. If you solve this using a financial calculator, please show the inputs.

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