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Republic Finance offers money at 2.32% per month compounded monthly. What is the nominal interest...

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Accounting

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Republic Finance offers money at 2.32% per month compounded monthly. What is the nominal interest rate? What is the effective annual interest rate? How many years will it lake an investment to triple if interest is compounded monthly? How many years will it take an investment to quadruple if the nominal rate is compounded continuously

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