Business
Business, 17.03.2020 04:38, loveuncondition

A bank is offering to sell 6-month certificates of deposits for $12,000. At the end of 6 months, the bank will pay $13,000 to the certificates owner. Compute the nominal annual interest rate and the effective annual interest rate

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A bank is offering to sell 6-month certificates of deposits for $12,000. At the end of 6 months, the...

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