题目
题目

COMM_V 298 101 102 103 2025W1 2025W1 COMM 298 Midterm Exam October 17, 2025 - Requires Respondus LockDown Browser

数值题

A 3-month GIC offers an APR of 8% compounded monthly.  What is the 3-month effective rate? Round your final answer to a percentage with two decimal places and do not use the “%” sign, i.e. if the answer is 1.23% then write 1.23

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思路分析
We’re given an APR of 8% compounded monthly, and we need the 3-month effective rate. First, convert the APR to a monthly rate: 8% per year compounded monthly corresponds to a monthly......Login to view full explanation

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