Mathematics, 26.09.2019 17:10, masseyboy428

What is the annual interest rate for an account that compounds monthly at a rate of 2.5%?

a.
2.10%
b.
2.50%
c.
2.53%
d.
2.55%
e.
2.58%

Answers: 2

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What is the annual interest rate for an account that compounds monthly at a rate of 2.5%?