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10 May, 10:29

What equation can Miguel set up to solve for the annual interest rate

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Answers (2)
  1. 10 May, 10:46
    0
    Step-by-step explanation:

    annual interest rate = (1 + (nominal rate / number of compounding periods)) ^ (number of compounding periods) - 1
  2. 10 May, 13:17
    0
    I = Prt
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