Given i(4) - 7-875-- find the equivalent effective monthly rate- A).pdf

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Given i(4) = 7.875%, find the equivalent effective monthly rate. A) j = 8.11063% 12 B) j = 1.96875% 12 C) j = 8.41903% 12 D) j = 0.65625% 12 E) j = 0.65199% 12.

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Given i(4) = 7.875%, find the equivalent effective monthly rate.
A) j 12 = 8.11063%
B) j 12 = 1.96875%
C) j 12 = 8.41903%
D) j 12 = 0.65625%
E) j 12 = 0.65199%

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