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Convert a nominal rate of interest (compounded monthly) to an annual percentage rate.
The nominal rate of interest applied.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
Dutchmans is a member of the ICAEW Practice Assurance scheme.
Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.