A lender offers you a mortgage with an APR of 4 08 with monthly compounding What is the effective rate of interest charged by

Question

A lender offers you a mortgage with an APR of 4 08 with monthly compounding What is the effective rate of interest charged by the lender Answer Format Percentage Round to 2 decimal places Example 9 24 sign required Will accept decimal format rounded to 4 decimal places ex 0 0924

Kunduz · Accepted Answer

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