What Is the Effective Annual Rate of 12% Compounded Monthly

question 34

Multiple Choice

What is the effective annual rate of 12% compounded monthly?

• A) 12%
• B) 11.45%
• C) 12.68%
• D) 12.25%

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Definitions:

Clean Water

Water that is free of pollutants and contaminants, making it safe for drinking, recreation, and ecosystem health.

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A management approach that views organizations as open systems that interact with their environment, emphasizing adaptability and exchange with external forces.