effective annual interest rate example 1
GAZETTE D95AA
The Banking Services ( Deposit Taking Institutions ) ( Customer Related Matters ) Code of Conduct, 2016
effective annual interest rate example 1 a loan has an interest rate of 12 percent per annum that is compounded monthly. applying the formula: eair =(1+.12/12)2-1 eair=,12683 or 12.683% example 2 a deposit account pays 5 percent per annum compounded qu
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Section 29