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![SOLVED:Find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01 \% . [HINT: See Quick Example 5 .] 10 \% compounded every minute (assume 365 days per year)](https://cdn.numerade.com/previews/dd116b20-e1b9-4e30-b76b-393db5f4ddbc_large.jpg "SOLVED:Find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01 \% . [HINT: See Quick Example 5 .] 10 \% compounded every minute (assume 365 days per year)")
SOLVED:Find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01 \% . [HINT: See Quick Example 5 .] 10 \% compounded every minute (assume 365 days per year)
![SOLVED:Find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01 \% . [HINT: See Quick Example 5 .] 10 \% compounded every minute (assume 365 days per year)](https://cdn.numerade.com/previews/dd116b20-e1b9-4e30-b76b-393db5f4ddbc.gif "SOLVED:Find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01 \% . [HINT: See Quick Example 5 .] 10 \% compounded every minute (assume 365 days per year)")
SOLVED:Find the effective annual interest rates of the given nominal annual interest rates. Round your answers to the nearest 0.01 \% . [HINT: See Quick Example 5 .] 10 \% compounded every minute (assume 365 days per year)
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How to Calculate Effective Interest Rate: 8 Steps (with Pictures)
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