If a reserves and loan offer a 5-year disc at 7.6% compounded monthly, what is the annual verbs?

If a savings and loan offer a 5-year CD at 7.6% compounded monthly, what is the annual verbs?


Answers:    7.8704%
Please tell me that the guard that pays 7.6% monthly. I would be very interested. Are you sure that the 7.6% is monthly or is it the annual rate?


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