What is the highest effective rate attainable with a 12 percent nominal rate?
A. 12.00%
B. 12.55%
C. 12.75%
D. 12.95%
Answer:C
What is the highest effective rate attainable with a 12 percent nominal rate?
A. 12.00% B. 12.55% C. 12.75% D. 12.95%