document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1083668>Question 1083668</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What nominal rate of&#8203; interest, compounded&#8203; monthly, corresponds to an effective rate of 11&#8203;%? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #697722 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=697722\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 0.11 = (1+(i/n))^(n)-1<BR>\n" );
document.write( "i = interest rate<BR>\n" );
document.write( "n = number of compounding periods<BR>\n" );
document.write( "0.11 = (1+(i/12)^12-1 = 10.48 nominal rate. </SPAN>\n" );
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