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Okay, yeah that makes sense.
so you need to get the rate with the monthly compounding which is what they give you, so (1061.68/1000) 1 = 6.168%
so thats the rate using monthly componding, they want the annual rate so:
(1.06168)^ 1/12 = .005 percent. Thats the monthly rate * 12 months = 6.0 |
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发表于 2013-4-7 06:33
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