If the stated rate of interest is 12% and it is compounded monthly,what is the effective annual interest rate?
A) 12.00%
B) 12.25%
C) 12.46%
D) 12.68%
E) 12.92%

Name: If the stated rate of interest is 12% and it is compounded monthly,what is the effective annual interest rate? A) 12.00% B) 12.25% C) 12.46% D) 12.68% E) 12.92%
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The Answer of If the stated rate of interest is 12% and it is compounded monthly,what is the effective annual interest rate?
A) 12.00%
B) 12.25%
C) 12.46%
D) 12.68%
E) 12.92%

If the Stated Rate of Interest Is 12% and It