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Calculate the Equivalent Periodic Interest Rate Per Payment Interval for the Following

Question 196

Multiple Choice

Calculate the equivalent periodic interest rate per payment interval for the following annuity: Monthly payments discounted at 11% compounded annually.


A) 0.87346%
B) 1.11572%
C) 0.88793%
D) 0.91667%
E) 1.00078%

Correct Answer:

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