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  3. an interest rate of 2% per month is the same as:a)

an interest rate of 2% per month is the same as:a) nominal 24% per year...

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Accounting

an interest rate of 2% per month is the same as:a) nominal 24% per year compounded monthly b) effective compound interest of 26.82% per year c) nominal 6% per quarter compounded monthly

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