Explore BrainMass

Explore BrainMass

    Business Math : Converting Monthly to Yearly Rate

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Find the rate of interest if money is worth 18% compounded monthly?

    © BrainMass Inc. brainmass.com December 24, 2021, 4:56 pm ad1c9bdddf

    Solution Summary

    A monthly interest rate is converted to a yearly rate and the details are provided in the solution.