Rate of 15% pea compounded annually will be equal to - % per month.

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Rate of 15% pea compounded annually will be equal to —————- % per month.
A . 1.25% per month
B . 1.7149% per month
C . 1.17149% per month
D . 1.117% per month

Answer: C

Rate of 15% pea compounded annually will be equal to —————- % per month.

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